The case pertains to IA/989(Che)/2021 in IBA/760/2019, filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The initial application, IBA/760/2019, was filed under Section 7 of the I&B Code, 2016, by the Financial Creditor of the Corporate Debtor. The Adjudicating Authority admitted the Corporate Debtor into CIRP on 2019-10-11. An Interim Resolution Professional (IRP), Mr. Nagalingam Muthiah, was appointed. Public announcements were made. A Committee of Creditors (CoC) was formed, and meetings were held to appoint a Resolution Professional (RP). Mrs. J. Karthiga was proposed as the RP and appointed on 2020-01-20. The CoC approved Form-G Eol and Publication inviting expression of Interest. The Corporate Debtor, being an MSME, received a response
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Vishnu Annamalaiyaar Paper Mills Limited based on an application filed by a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2019-10-11. Mr. Nagalingam Muthiah was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite resolution plans. The Committee of Creditors (CoC) was constituted, and Mrs. J. Karthiga was appointed as the Resolution Professional (RP) on 2020-01-20. Despite efforts to find a resolution plan, including inviting expressions of interest, the CoC did not receive any viable resolution plans. The only response was from the Suspended Directors of the Corporate Debtor.
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The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP)…
The case pertains to IA/989(Che)/2021 in IBA/760/2019, filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The initial application, IBA/760/2019, was filed under Section 7 of the I&B Code, 2016, by the Financial Creditor of the Corporate Debtor. The Adjudicating Authority admitted the Corporate Debtor into CIRP on 2019-10-11. An Interim Resolution Professional (IRP), Mr. Nagalingam Muthiah, was appointed. Public announcements were made. A Committee of Creditors (CoC) was formed, and meetings were held to appoint a Resolution Professional (RP). Mrs. J. Karthiga was proposed as the RP and appointed on 2020-01-20. The CoC approved Form-G Eol and Publication inviting expression of Interest. The Corporate Debtor, being an MSME, received a response
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Vishnu Annamalaiyaar Paper Mills Limited based on an application filed by a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2019-10-11. Mr. Nagalingam Muthiah was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite resolution plans. The Committee of Creditors (CoC) was constituted, and Mrs. J. Karthiga was appointed as the Resolution Professional (RP) on 2020-01-20. Despite efforts to find a resolution plan, including inviting expressions of interest, the CoC did not receive any viable resolution plans. The only response was from the Suspended Directors of the Corporate Debtor.
…The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP)…