The document pertains to an application filed under Section 22(3)(b) along with Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the appointment of Mr. Chandrasekhar Sagutoor as the Resolution Professional (RP) for Uthara Fashion Knitwear Limited. The Committee of Creditors (CoC) had resolved to replace the Interim Resolution Professional (IRP) with a new RP and unanimously appointed Mr. Chandrasekhar Sagutoor.
The Stressed Assets Stabilization Fund (SASF) filed an application to appoint Mr. Chandrasekhar Sagutoor as the Resolution Professional (RP) for Uthara Fashion Knitwear Limited. The Committee of Creditors (CoC) of Uthara Fashion Knitwear Limited unanimously resolved on 2022-07-30 to replace the existing Interim Resolution Professional (IRP) with a new RP. The CoC's decision was supported by 100% voting. The application was filed under Section 22(3)(b) and Section 60(5) of the IBC. Mr. Chandrasekhar Sagutoor holds registration No.IBBI/IPA-001/IP-P00960/2017-2018/11581. The existing IRP was Mr. Thilagar Murugesan.
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Hearing of National…
First CoC meeting held…
The document pertains to an application filed under Section 22(3)(b) along with Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the appointment of Mr. Chandrasekhar Sagutoor as the Resolution Professional (RP) for Uthara Fashion Knitwear Limited. The Committee of Creditors (CoC) had resolved to replace the Interim Resolution Professional (IRP) with a new RP and unanimously appointed Mr. Chandrasekhar Sagutoor.
The Stressed Assets Stabilization Fund (SASF) filed an application to appoint Mr. Chandrasekhar Sagutoor as the Resolution Professional (RP) for Uthara Fashion Knitwear Limited. The Committee of Creditors (CoC) of Uthara Fashion Knitwear Limited unanimously resolved on 2022-07-30 to replace the existing Interim Resolution Professional (IRP) with a new RP. The CoC's decision was supported by 100% voting. The application was filed under Section 22(3)(b) and Section 60(5) of the IBC. Mr. Chandrasekhar Sagutoor holds registration No.IBBI/IPA-001/IP-P00960/2017-2018/11581. The existing IRP was Mr. Thilagar Murugesan.
Hearing of National…
First CoC meeting held…