The Resolution Professional (RP) of M/s. Sri Lakshmi Srinivasa Jute Mills Private Limited (Corporate Debtor) filed an application (I.A (IBC) No. 183/2022) seeking approval of the Resolution Plan under Section 30(6) & 31(1) of the Insolvency and Bankruptcy Act, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 16.03.2022. The RP invited claims from creditors, verified them, and constituted a Committee of Creditors (CoC) on 11.04.2022. The CoC approved the appointment of the RP and two registered valuers. The RP made a public announcement inviting Expression of Interest (Eol) and received requests from Prospective Resolution Applicants (PRAs). After verification, one PRA, M/s. Agrigo Trading Private Limited, submitted a Resolution Plan, which
…M/s. Sri Lakshmi Srinivasa Jute Mills Private Limited (the Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) following an order dated 16.03.2022. Mr. Maligi Madhusudhana Reddy was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP invited claims from creditors, receiving claims from 3 creditors, and constituted a Committee of Creditors (CoC) on 11.04.2022. The CoC approved the appointment of the RP and two registered valuers. The RP invited Expression of Interest (Eol) in Form-G on 24.05.2022, receiving requests from 9 Prospective Resolution Applicants (PRAs). After verification, one PRA, M/s. Agrigo Trading Private Limited, submitted a Resolution Plan on 22.07.2022, which was approved
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The Bench directed initiation of Corporate…
The RIP made paper…
The Resolution Professional (RP) of M/s. Sri Lakshmi Srinivasa Jute Mills Private Limited (Corporate Debtor) filed an application (I.A (IBC) No. 183/2022) seeking approval of the Resolution Plan under Section 30(6) & 31(1) of the Insolvency and Bankruptcy Act, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 16.03.2022. The RP invited claims from creditors, verified them, and constituted a Committee of Creditors (CoC) on 11.04.2022. The CoC approved the appointment of the RP and two registered valuers. The RP made a public announcement inviting Expression of Interest (Eol) and received requests from Prospective Resolution Applicants (PRAs). After verification, one PRA, M/s. Agrigo Trading Private Limited, submitted a Resolution Plan, which
…M/s. Sri Lakshmi Srinivasa Jute Mills Private Limited (the Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) following an order dated 16.03.2022. Mr. Maligi Madhusudhana Reddy was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP invited claims from creditors, receiving claims from 3 creditors, and constituted a Committee of Creditors (CoC) on 11.04.2022. The CoC approved the appointment of the RP and two registered valuers. The RP invited Expression of Interest (Eol) in Form-G on 24.05.2022, receiving requests from 9 Prospective Resolution Applicants (PRAs). After verification, one PRA, M/s. Agrigo Trading Private Limited, submitted a Resolution Plan on 22.07.2022, which was approved
…The Bench directed initiation of Corporate…
The RIP made paper…