The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Premier Futsal Management Private Limited. The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) published Form G, inviting Expression of Interest (EOI). Initially, three EOIs were received, but only one was considered. The COC felt the need for more EOIs due to the niche nature of the business. Subsequently, another EOI was issued. Zinema Media and Entertainment Limited and Mrs. Daisy Adhav Arjuna submitted resolution plans, which were considered by the Committee of Creditors (COC). The COC approved both resolution plans in tandem. The RP sought an extension of the CIRP period, which was allowed by the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Premier Futsal Management Private Limited based on an application under Section 9 of the IBC. Chitra Srinivas was appointed as the Resolution Professional (RP). The RP published Form G, inviting Expression of Interest (EOI), resulting in three EOIs initially, but only one was considered complete. Due to the niche nature of the business, the COC decided to issue another EOI. Zinema Media and Entertainment Limited and Mrs. Daisy Adhav Arjuna submitted resolution plans. Zinema's plan focused on acquiring specific assets, while Daisy's plan aimed to acquire the entire company. The COC approved both plans in tandem. The RP filed an application for extension of the CIRP period, which was granted. The
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CIRP initiated under…
Mr. Kedarram Ladha…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Premier Futsal Management Private Limited. The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) published Form G, inviting Expression of Interest (EOI). Initially, three EOIs were received, but only one was considered. The COC felt the need for more EOIs due to the niche nature of the business. Subsequently, another EOI was issued. Zinema Media and Entertainment Limited and Mrs. Daisy Adhav Arjuna submitted resolution plans, which were considered by the Committee of Creditors (COC). The COC approved both resolution plans in tandem. The RP sought an extension of the CIRP period, which was allowed by the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Premier Futsal Management Private Limited based on an application under Section 9 of the IBC. Chitra Srinivas was appointed as the Resolution Professional (RP). The RP published Form G, inviting Expression of Interest (EOI), resulting in three EOIs initially, but only one was considered complete. Due to the niche nature of the business, the COC decided to issue another EOI. Zinema Media and Entertainment Limited and Mrs. Daisy Adhav Arjuna submitted resolution plans. Zinema's plan focused on acquiring specific assets, while Daisy's plan aimed to acquire the entire company. The COC approved both plans in tandem. The RP filed an application for extension of the CIRP period, which was granted. The
…CIRP initiated under…
Mr. Kedarram Ladha…