The case involves applications (IA No. 543/2023 and IA No. 147/2021) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Ramnath Developers Private Limited. The CIRP was initiated following the admission of a Section 9 petition filed by an Operational Creditor. The Resolution Professional (RP) made public announcements inviting claims, and meetings of the Committee of Creditors (COC) were held. Two valuers were appointed to assess the assets and liquidation value of the Corporate Debtor. The COC passed a resolution for the publication of Form G to invite Expression of Interest from Prospective Resolution Applicants. Despite initial efforts, the received Expression of Interest did not fetch a suitable Resolution Plan. The RP
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Ramnath Developers Private Limited after a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC) was admitted. An Interim Resolution Professional (IRP) was appointed, and public announcements were made to invite claims from creditors. The Committee of Creditors (COC) was formed, and meetings were held to discuss the resolution process. Two valuers were appointed to assess the assets and liquidation value of the Corporate Debtor, which was estimated at Rs. 11.27 Cr. The COC decided to publish Form G to invite Expression of Interest (EOI) from Prospective Resolution Applicants (PRAs). Only one EOI was received initially, which the COC deemed insufficient to fetch a right value for a
…Sign in to view the parties.
A petition under Section 9 of the Insolvency and…
The COC held its 4th meeting and passed a…
The case involves applications (IA No. 543/2023 and IA No. 147/2021) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Ramnath Developers Private Limited. The CIRP was initiated following the admission of a Section 9 petition filed by an Operational Creditor. The Resolution Professional (RP) made public announcements inviting claims, and meetings of the Committee of Creditors (COC) were held. Two valuers were appointed to assess the assets and liquidation value of the Corporate Debtor. The COC passed a resolution for the publication of Form G to invite Expression of Interest from Prospective Resolution Applicants. Despite initial efforts, the received Expression of Interest did not fetch a suitable Resolution Plan. The RP
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Ramnath Developers Private Limited after a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC) was admitted. An Interim Resolution Professional (IRP) was appointed, and public announcements were made to invite claims from creditors. The Committee of Creditors (COC) was formed, and meetings were held to discuss the resolution process. Two valuers were appointed to assess the assets and liquidation value of the Corporate Debtor, which was estimated at Rs. 11.27 Cr. The COC decided to publish Form G to invite Expression of Interest (EOI) from Prospective Resolution Applicants (PRAs). Only one EOI was received initially, which the COC deemed insufficient to fetch a right value for a
…A petition under Section 9 of the Insolvency and…
The COC held its 4th meeting and passed a…