The Corporate Debtor (CD), Ananda Bharathi Fertilize Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) by an order of the Tribunal dated 14.02.2024. The Applicant was appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor was admitted into CIRP on 14.02.2024.
The Applicant was appointed as the Interim Resolution Professional (IRP).
The IRP issued a public announcement on 01.03.2024.
The Committee of Creditors (CoC) initially comprised Canara Bank holding 100% voting share.
The CoC confirmed the IRP as the Resolution Professional (RP) on 27.03.2024.
The RP appointed Registered Valuers with the approval of CoC.
The CoC deliberated upon One-Time Settlement (OTS) proposal submitted by the suspended promoters.
The CoC approved publication of Form-G inviting Expressions of Interests (Eols) from Prospective Resolution Applicants (PRAs).
Two Resolution Plans were received but found financially unviable and rejected by the CoC.
The CoC recommended liquidation with 95.57% voting share.
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The Corporate Debtor…
The IRP issued…
The Corporate Debtor (CD), Ananda Bharathi Fertilize Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) by an order of the Tribunal dated 14.02.2024. The Applicant was appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor was admitted into CIRP on 14.02.2024.
The Applicant was appointed as the Interim Resolution Professional (IRP).
The IRP issued a public announcement on 01.03.2024.
The Committee of Creditors (CoC) initially comprised Canara Bank holding 100% voting share.
The CoC confirmed the IRP as the Resolution Professional (RP) on 27.03.2024.
The RP appointed Registered Valuers with the approval of CoC.
The CoC deliberated upon One-Time Settlement (OTS) proposal submitted by the suspended promoters.
The CoC approved publication of Form-G inviting Expressions of Interests (Eols) from Prospective Resolution Applicants (PRAs).
Two Resolution Plans were received but found financially unviable and rejected by the CoC.
The CoC recommended liquidation with 95.57% voting share.
…The Corporate Debtor…
The IRP issued…