The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s. Yours Ethnic Foods Private Limited. Svakarma Finance Private Limited filed an application under Section 7 of the IBC, 2016, seeking initiation of CIRP, which was admitted on 09.10.2023. Mr. Rajendra Devidas Puranik was appointed as the Interim Resolution Professional (IRP). The Resolution Professional (RP) filed an application under Section 33 read with Section 34 of the Insolvency & Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor. Prior to the constitution of the Committee of Creditors (CoC), the suspended management of the Corporate Debtor had filed an appeal against the CIRP admission order, but the stay on the constitution of the CoC was vacated
…The Corporate Debtor, M/s. Yours Ethnic Foods Private Limited, underwent CIRP following an application by Svakarma Finance Private Limited under Section 7 of the IBC, admitted on 09.10.2023. Rajendra Devidas Puranik was appointed as the IRP and later RP. The CoC was constituted with HDFC Bank Limited, ICICI Bank Limited, and Svakarma Finance Private Limited as members. The IRP made a public announcement on 13.10.2023, inviting claims from creditors. The suspended management of the Corporate Debtor filed an appeal against the CIRP admission order, but the stay was vacated by NCLAT on 30.11.2023. The CoC held several meetings, including one on 12.12.2023, where they resolved to continue with the IRP. The CoC also resolved to file an application under Section 19(2) of the
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Application under Section 7 of the IBC, 2016…
IRP made a public…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s. Yours Ethnic Foods Private Limited. Svakarma Finance Private Limited filed an application under Section 7 of the IBC, 2016, seeking initiation of CIRP, which was admitted on 09.10.2023. Mr. Rajendra Devidas Puranik was appointed as the Interim Resolution Professional (IRP). The Resolution Professional (RP) filed an application under Section 33 read with Section 34 of the Insolvency & Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor. Prior to the constitution of the Committee of Creditors (CoC), the suspended management of the Corporate Debtor had filed an appeal against the CIRP admission order, but the stay on the constitution of the CoC was vacated
…The Corporate Debtor, M/s. Yours Ethnic Foods Private Limited, underwent CIRP following an application by Svakarma Finance Private Limited under Section 7 of the IBC, admitted on 09.10.2023. Rajendra Devidas Puranik was appointed as the IRP and later RP. The CoC was constituted with HDFC Bank Limited, ICICI Bank Limited, and Svakarma Finance Private Limited as members. The IRP made a public announcement on 13.10.2023, inviting claims from creditors. The suspended management of the Corporate Debtor filed an appeal against the CIRP admission order, but the stay was vacated by NCLAT on 30.11.2023. The CoC held several meetings, including one on 12.12.2023, where they resolved to continue with the IRP. The CoC also resolved to file an application under Section 19(2) of the
…Application under Section 7 of the IBC, 2016…
IRP made a public…