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, and it approved the resolution plan submitted by M/s. Delta Sourcing with 100% voting share.
The Resolution Professional presented the resolution plan to the Adjudicating Authority (NCLT) for approval under Sections 30(6) and 31 of the IBC.
The resolution plan includes provisions for payment of insolvency resolution process costs, operational creditors, and financial creditors.
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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, and it approved the resolution plan submitted by M/s. Delta Sourcing with 100% voting share.
The Resolution Professional presented the resolution plan to the Adjudicating Authority (NCLT) for approval under Sections 30(6) and 31 of the IBC.
The resolution plan includes provisions for payment of insolvency resolution process costs, operational creditors, and financial creditors.
…Corporate Insolvency Resolution Process…
Insolvency Resolution Professional (IRP)…