The case pertains to the corporate insolvency resolution process (CIRP) of Perfact Color Digital Prints Private Limited. The CIRP was initiated on 2019-12-09. An interim resolution professional (IRP) was appointed, followed by the appointment of Mr. Harish Taneja as the resolution professional (RP). The RP published Form G to invite expressions of interest (EOI). Several EOIs were received, but after scrutiny, some applicants were found ineligible under Section 29A of the Insolvency and Bankruptcy Code (IBC). The resolution plan submitted by Mr. Sanjay Ahuja was found to be non-compliant with Section 30(2) of the IBC, specifically regarding provisions for EPFO dues and the inclusion of personal collateral. The CIRP period expired on 2021-02-18, and no extension was
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Perfact Color Digital Prints Private Limited on 2019-12-09. Mr. Shashi Bhushan Prasad was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Harish Taneja was appointed as the Resolution Professional (RP) following a decision by the Committee of Creditors (CoC) on 2020-01-13, which was formalized by a tribunal order dated 2020-07-15. The RP invited Expressions of Interest (EOI) and received one EOI from Mr. Ashwani Arya and Mrs. Divya Arya, Directors of the Corporate Debtor, through their Financial Partner, Mr. Sanjay Ahuja. This EOI was rejected because the Prospective Resolution Applicant was disqualified under Section 29A of the IBC. The RP re-invited EOIs and
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Committee of Creditors (CoC) resolved to replace…
The case pertains to the corporate insolvency resolution process (CIRP) of Perfact Color Digital Prints Private Limited. The CIRP was initiated on 2019-12-09. An interim resolution professional (IRP) was appointed, followed by the appointment of Mr. Harish Taneja as the resolution professional (RP). The RP published Form G to invite expressions of interest (EOI). Several EOIs were received, but after scrutiny, some applicants were found ineligible under Section 29A of the Insolvency and Bankruptcy Code (IBC). The resolution plan submitted by Mr. Sanjay Ahuja was found to be non-compliant with Section 30(2) of the IBC, specifically regarding provisions for EPFO dues and the inclusion of personal collateral. The CIRP period expired on 2021-02-18, and no extension was
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Perfact Color Digital Prints Private Limited on 2019-12-09. Mr. Shashi Bhushan Prasad was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Harish Taneja was appointed as the Resolution Professional (RP) following a decision by the Committee of Creditors (CoC) on 2020-01-13, which was formalized by a tribunal order dated 2020-07-15. The RP invited Expressions of Interest (EOI) and received one EOI from Mr. Ashwani Arya and Mrs. Divya Arya, Directors of the Corporate Debtor, through their Financial Partner, Mr. Sanjay Ahuja. This EOI was rejected because the Prospective Resolution Applicant was disqualified under Section 29A of the IBC. The RP re-invited EOIs and
…Corporate Insolvency Resolution Process (CIRP)…
Committee of Creditors (CoC) resolved to replace…