The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of South Indian Mint and Aromatic Products Limited. The CIRP was initiated on 2018-06-04. Mr. Vasudevan Gopu was initially appointed as the Interim Resolution Professional, followed by the appointment of the applicant as the Resolution Professional on 2018-09-28. As no resolution plan was received during the CIRP, an application was filed under Section 33 of the IBC, 2016, leading to the liquidation of the Corporate Debtor. The Tribunal ordered the liquidation on 2019-04-10 and appointed the applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) for South Indian Mint and Aromatic Products Limited was initiated on 2018-06-04. Vasudevan Gopu was appointed as the Interim Resolution Professional, and later the applicant was appointed as the Resolution Professional on 2018-09-28. No resolution plan was received during the CIRP, leading to an application under Section 33 of the IBC, 2016. The Tribunal ordered liquidation on 2019-04-10 and appointed the applicant as Liquidator. Public announcements were made, and claims were received from IDBI Bank (financial creditor) and Gangai Earth Movers (operational creditor). The Liquidator appointed valuers on 2018-10-30, valuing the assets at Rs. 2,48,18,500/-. E-auctions were conducted on 2019-07-17, 2019-09-27, and
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Corporate Insolvency Resolution Process…
Applicant appointed as…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of South Indian Mint and Aromatic Products Limited. The CIRP was initiated on 2018-06-04. Mr. Vasudevan Gopu was initially appointed as the Interim Resolution Professional, followed by the appointment of the applicant as the Resolution Professional on 2018-09-28. As no resolution plan was received during the CIRP, an application was filed under Section 33 of the IBC, 2016, leading to the liquidation of the Corporate Debtor. The Tribunal ordered the liquidation on 2019-04-10 and appointed the applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) for South Indian Mint and Aromatic Products Limited was initiated on 2018-06-04. Vasudevan Gopu was appointed as the Interim Resolution Professional, and later the applicant was appointed as the Resolution Professional on 2018-09-28. No resolution plan was received during the CIRP, leading to an application under Section 33 of the IBC, 2016. The Tribunal ordered liquidation on 2019-04-10 and appointed the applicant as Liquidator. Public announcements were made, and claims were received from IDBI Bank (financial creditor) and Gangai Earth Movers (operational creditor). The Liquidator appointed valuers on 2018-10-30, valuing the assets at Rs. 2,48,18,500/-. E-auctions were conducted on 2019-07-17, 2019-09-27, and
…Corporate Insolvency Resolution Process…
Applicant appointed as…