The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Vaishno Devi Food Products Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench on 27.10.2020. Mr. Fanendra H. Munot was appointed as the Interim Resolution Professional (IRP) and later the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The resolution plan was submitted by Sharda Construction and Vikram Infratech Developers Pvt. Ltd. (Joint Resolution Applicants) and approved by 100% voting share of the Committee of Creditors (CoC).
1. The Corporate Insolvency Resolution Process (CIRP) of Vaishno Devi Food Products Private Limited was initiated on 27.10.2020 by the NCLT Mumbai Bench.
2. Mr. Fanendra H. Munot was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
3. Public announcements were made to invite claims from creditors.
4. The Committee of Creditors (CoC) was formed, with Canara Bank holding the largest voting share at 49.80%.
5. The CoC approved a Request for Resolution Plan (RFRP) and invited Expressions of Interest (EOI) from prospective resolution applicants.
6. Sharda Construction and Vikram Infratech Developers Pvt. Ltd. (Joint Resolution Applicants) submitted a resolution plan.
7. The resolution plan was approved by the CoC with 100%
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Corporate Insolvency…
Mr. Fanendra H. Munot…
The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Vaishno Devi Food Products Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench on 27.10.2020. Mr. Fanendra H. Munot was appointed as the Interim Resolution Professional (IRP) and later the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The resolution plan was submitted by Sharda Construction and Vikram Infratech Developers Pvt. Ltd. (Joint Resolution Applicants) and approved by 100% voting share of the Committee of Creditors (CoC).
1. The Corporate Insolvency Resolution Process (CIRP) of Vaishno Devi Food Products Private Limited was initiated on 27.10.2020 by the NCLT Mumbai Bench.
2. Mr. Fanendra H. Munot was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
3. Public announcements were made to invite claims from creditors.
4. The Committee of Creditors (CoC) was formed, with Canara Bank holding the largest voting share at 49.80%.
5. The CoC approved a Request for Resolution Plan (RFRP) and invited Expressions of Interest (EOI) from prospective resolution applicants.
6. Sharda Construction and Vikram Infratech Developers Pvt. Ltd. (Joint Resolution Applicants) submitted a resolution plan.
7. The resolution plan was approved by the CoC with 100%
Corporate Insolvency…
Mr. Fanendra H. Munot…