The case involves an application for approval of a resolution plan for Nadhi Bio Products Private Limited, the Corporate Debtor, under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code (IBC). The CIRP was initiated following a petition filed by R.K. Distilleries Private Limited, the Financial Creditor, under Section 7 of the IBC.
CIRP was initiated against Nadhi Bio Products Private Limited based on a petition filed by R.K. Distilleries Private Limited under Section 7 of the IBC.
Mr. Ramakanth Malapalli was initially appointed as the Interim Resolution Professional (IRP) and was later replaced by True IPE Private Limited represented by Mr. Chandra Prakash Jain.
Mr. Sreenivasa Rao Ravinuthala was subsequently appointed as the Resolution Professional (RP).
The Committee of Creditors (CoC) comprised 28 members with admitted claims amounting to ₹65.70 Crores.
The resolution plan submitted by Mr. Nakkirikanti Rammurthy and Mr. Namburi Visweswara Rao was approved by the CoC with 82.89% voting share.
The resolution plan involves a total payment of ₹90.50 Crores to various creditors and stakeholders.
…Sign in to view the parties.
CIRP Commencem…
Expiry o…
The case involves an application for approval of a resolution plan for Nadhi Bio Products Private Limited, the Corporate Debtor, under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code (IBC). The CIRP was initiated following a petition filed by R.K. Distilleries Private Limited, the Financial Creditor, under Section 7 of the IBC.
CIRP was initiated against Nadhi Bio Products Private Limited based on a petition filed by R.K. Distilleries Private Limited under Section 7 of the IBC.
Mr. Ramakanth Malapalli was initially appointed as the Interim Resolution Professional (IRP) and was later replaced by True IPE Private Limited represented by Mr. Chandra Prakash Jain.
Mr. Sreenivasa Rao Ravinuthala was subsequently appointed as the Resolution Professional (RP).
The Committee of Creditors (CoC) comprised 28 members with admitted claims amounting to ₹65.70 Crores.
The resolution plan submitted by Mr. Nakkirikanti Rammurthy and Mr. Namburi Visweswara Rao was approved by the CoC with 82.89% voting share.
The resolution plan involves a total payment of ₹90.50 Crores to various creditors and stakeholders.
…CIRP Commencem…
Expiry o…