The case pertains to an application filed by the Resolution Professional (RP) of Urban Farmart India Private Limited under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking an order for the liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition filed by Urban Farmart India Private Limited under Section 10 of the IBC. An Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional. Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and meetings were held to explore the possibility of reviving the Corporate Applicant. A Forensic Auditor was also appointed.
…Urban Farmart India Private Limited underwent a Corporate Insolvency Resolution Process (CIRP) after a petition was admitted under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. Manjeet Bucha was appointed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was formed, consisting of Employees State Insurance Corporation Hyderabad, Heritage Foods Limited Hyderabad, and Creamline Diary Products Limited. The CoC convened meetings to explore the possibility of reviving the company. Registered valuers were to be appointed to determine the fair value and liquidation value of the assets. A forensic audit was initiated to examine potential avoidance transactions. However, the
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The Tribunal admitted the petition filed by…
Public announcement in Financial Express…
The case pertains to an application filed by the Resolution Professional (RP) of Urban Farmart India Private Limited under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking an order for the liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition filed by Urban Farmart India Private Limited under Section 10 of the IBC. An Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional. Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and meetings were held to explore the possibility of reviving the Corporate Applicant. A Forensic Auditor was also appointed.
…Urban Farmart India Private Limited underwent a Corporate Insolvency Resolution Process (CIRP) after a petition was admitted under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. Manjeet Bucha was appointed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was formed, consisting of Employees State Insurance Corporation Hyderabad, Heritage Foods Limited Hyderabad, and Creamline Diary Products Limited. The CoC convened meetings to explore the possibility of reviving the company. Registered valuers were to be appointed to determine the fair value and liquidation value of the assets. A forensic audit was initiated to examine potential avoidance transactions. However, the
…The Tribunal admitted the petition filed by…
Public announcement in Financial Express…