The Corporate Insolvency Resolution Process (CIRP) was initiated against Viom Infra Ventures Pvt. Ltd. on 23.09.2021. Mr. Jitender Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Despite multiple extensions, only one resolution plan was received from RKG Fund, which was ultimately rejected by the Committee of Creditors (CoC) due to being unfeasible and unviable. The company was reported to be non-operational for the past two years, with most assets disposed of, leading to the consideration of liquidation.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Viom Infra Ventures Pvt. Ltd. on 23.09.2021. Jitender Lohia was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The RP issued an invitation for Expression of Interest (EoI) on 11.12.2021, with a deadline of 27.12.2021. Eleven prospective bidders showed interest, but only four submitted their EoIs within the prescribed date. The provisional list of prospective resolution applicants was issued on 20.01.2022. Thirteen CoC meetings were conducted. Only one Resolution Plan from RKG Fund was received on 26.05.2022, and it was rejected by the CoC. The company was non-operational for the last two years, with most assets disposed of. The 13th CoC
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Corporate Insolvency Resolution Process (CIRP)…
Committee of C…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Viom Infra Ventures Pvt. Ltd. on 23.09.2021. Mr. Jitender Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Despite multiple extensions, only one resolution plan was received from RKG Fund, which was ultimately rejected by the Committee of Creditors (CoC) due to being unfeasible and unviable. The company was reported to be non-operational for the past two years, with most assets disposed of, leading to the consideration of liquidation.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Viom Infra Ventures Pvt. Ltd. on 23.09.2021. Jitender Lohia was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The RP issued an invitation for Expression of Interest (EoI) on 11.12.2021, with a deadline of 27.12.2021. Eleven prospective bidders showed interest, but only four submitted their EoIs within the prescribed date. The provisional list of prospective resolution applicants was issued on 20.01.2022. Thirteen CoC meetings were conducted. Only one Resolution Plan from RKG Fund was received on 26.05.2022, and it was rejected by the CoC. The company was non-operational for the last two years, with most assets disposed of. The 13th CoC
…Corporate Insolvency Resolution Process (CIRP)…
Committee of C…