The case involves an application filed by the Resolution Professional (RP) of Supreme Overseas Exports India Private Limited, seeking an order for liquidation of the Corporate Debtor (CD) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by State Bank of India under Section 7 of the Code. The RP was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the RP. The Committee of Creditors (CoC) rejected a resolution plan submitted by a prospective resolution applicant and recommended liquidation of the CD.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Supreme Overseas Exports India Private Limited by filing CP (IB) 89/BB/2021 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 2022-06-10, and Mr. Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 2022-06-13 to invite claims from creditors. The first meeting of the Committee of Creditors (CoC) was held on 2022-07-01, where the IRP was proposed as the Resolution Professional (RP). The RP prepared an Information Memorandum. The CoC approved the invitation of Expression of Interest for resolution plans. A resolution plan was received from Shri Siva Chaitanya Saikam on 2022-10-23, but the CoC
…Sign in to view the parties.
CP (IB) 89/BB/2021…
CIRP was admitted, and Mr. Raghu Babu…
The case involves an application filed by the Resolution Professional (RP) of Supreme Overseas Exports India Private Limited, seeking an order for liquidation of the Corporate Debtor (CD) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by State Bank of India under Section 7 of the Code. The RP was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the RP. The Committee of Creditors (CoC) rejected a resolution plan submitted by a prospective resolution applicant and recommended liquidation of the CD.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Supreme Overseas Exports India Private Limited by filing CP (IB) 89/BB/2021 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 2022-06-10, and Mr. Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 2022-06-13 to invite claims from creditors. The first meeting of the Committee of Creditors (CoC) was held on 2022-07-01, where the IRP was proposed as the Resolution Professional (RP). The RP prepared an Information Memorandum. The CoC approved the invitation of Expression of Interest for resolution plans. A resolution plan was received from Shri Siva Chaitanya Saikam on 2022-10-23, but the CoC
…CP (IB) 89/BB/2021…
CIRP was admitted, and Mr. Raghu Babu…