The case pertains to the approval of a resolution plan for Trident Sugars Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP) initiated by Prudential Ammana Sugars Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC).
Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Trident Sugars Limited based on an application filed by Prudential Ammana Sugars Limited under Section 7 of the IBC.
Mr. Manjeet Bucha was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted, comprising Prudential Ammana Sugars Limited, M/s. Delta Sourcing, and Mr. G. V. Harisainath Reddy.
The RP issued a public announcement inviting Expressions of Interest (EOIs) from prospective resolution applicants.
Three resolution plans were received, and the CoC approved the plan submitted by M/s. Delta Sourcing with 100% voting share.
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Corporate Insolvency Resolution Process…
Insolvency Resolution Professional (IRP)…
The case pertains to the approval of a resolution plan for Trident Sugars Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP) initiated by Prudential Ammana Sugars Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC).
Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Trident Sugars Limited based on an application filed by Prudential Ammana Sugars Limited under Section 7 of the IBC.
Mr. Manjeet Bucha was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted, comprising Prudential Ammana Sugars Limited, M/s. Delta Sourcing, and Mr. G. V. Harisainath Reddy.
The RP issued a public announcement inviting Expressions of Interest (EOIs) from prospective resolution applicants.
Three resolution plans were received, and the CoC approved the plan submitted by M/s. Delta Sourcing with 100% voting share.
…Corporate Insolvency Resolution Process…
Insolvency Resolution Professional (IRP)…