The case involves an application filed by the Resolution Professional (RP) of the Corporate Debtor (CD), M/s Nandi Irrigation Systems Limited, under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), seeking approval of a Resolution Plan under Section 31(1) of the Code. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) vide Order dated 18.09.2024.
The Corporate Debtor (CD), Nandi Irrigation Systems Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 18.09.2024.
M/s Rishabh Triexim LLP, the Operational Creditor, filed the Company Petition No. 22/09/HDB/2023 under Section 9 of IBC.
Mr. Maruti Venkata Subba Rao Poluri was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement on 20.09.2024 inviting claims from creditors.
The Committee of Creditors (CoC) was constituted with Union Bank of India holding 100% voting share.
The CoC approved the appointment of the Applicant as Resolution Professional.
M/s G Joshi & Co were appointed as Registered Valuers.
The RP issued an Invitation for Expression of Interest (EoI) on 14.12.2024.
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The Corporate Debtor…
The Interim Resolution Professional (IRP) made a…
The case involves an application filed by the Resolution Professional (RP) of the Corporate Debtor (CD), M/s Nandi Irrigation Systems Limited, under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), seeking approval of a Resolution Plan under Section 31(1) of the Code. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) vide Order dated 18.09.2024.
The Corporate Debtor (CD), Nandi Irrigation Systems Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 18.09.2024.
M/s Rishabh Triexim LLP, the Operational Creditor, filed the Company Petition No. 22/09/HDB/2023 under Section 9 of IBC.
Mr. Maruti Venkata Subba Rao Poluri was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement on 20.09.2024 inviting claims from creditors.
The Committee of Creditors (CoC) was constituted with Union Bank of India holding 100% voting share.
The CoC approved the appointment of the Applicant as Resolution Professional.
M/s G Joshi & Co were appointed as Registered Valuers.
The RP issued an Invitation for Expression of Interest (EoI) on 14.12.2024.
…The Corporate Debtor…
The Interim Resolution Professional (IRP) made a…