The application was filed by Shri George Varkey, the Resolution Professional of Periyar Agro Food Industries Pvt. Ltd, seeking an order for liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was admitted on 21.12.2021. Shri George Varkey was appointed as the Interim Resolution Professional. Public announcements were made in English and Malayalam newspapers. The Committee of Creditors (CoC) was formed, and the applicant was confirmed as the Resolution Professional. Despite inviting expressions of interest, no resolution plan was received. The CIRP period was extended, and a forensic audit was conducted, revealing anomalies. Applications were filed for preferential, undervalued, and fraudulent
…Shri George Varkey, the Resolution Professional of Periyar Agro Food Industries Pvt. Ltd, filed an application for liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against Periyar Agro Food Industries Pvt. Ltd, and admitted on 2021-12-21. Shri George Varkey was appointed as the Interim Resolution Professional. The Committee of Creditors (CoC) was formed, and the applicant was confirmed as the Resolution Professional. Despite inviting expressions of interest, no resolution plan was received. The CIRP period was extended by 90 days initially and then by an additional 60 days. A forensic audit was conducted, revealing anomalies in the books of accounts. Applications were filed for preferential, undervalued, and fraudulent transactions. The CoC
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Corporate Insolvency Resolution Process (CIRP)…
Public announcement of…
The application was filed by Shri George Varkey, the Resolution Professional of Periyar Agro Food Industries Pvt. Ltd, seeking an order for liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was admitted on 21.12.2021. Shri George Varkey was appointed as the Interim Resolution Professional. Public announcements were made in English and Malayalam newspapers. The Committee of Creditors (CoC) was formed, and the applicant was confirmed as the Resolution Professional. Despite inviting expressions of interest, no resolution plan was received. The CIRP period was extended, and a forensic audit was conducted, revealing anomalies. Applications were filed for preferential, undervalued, and fraudulent
…Shri George Varkey, the Resolution Professional of Periyar Agro Food Industries Pvt. Ltd, filed an application for liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against Periyar Agro Food Industries Pvt. Ltd, and admitted on 2021-12-21. Shri George Varkey was appointed as the Interim Resolution Professional. The Committee of Creditors (CoC) was formed, and the applicant was confirmed as the Resolution Professional. Despite inviting expressions of interest, no resolution plan was received. The CIRP period was extended by 90 days initially and then by an additional 60 days. A forensic audit was conducted, revealing anomalies in the books of accounts. Applications were filed for preferential, undervalued, and fraudulent transactions. The CoC
…Corporate Insolvency Resolution Process (CIRP)…
Public announcement of…