The Corporate Debtor (Raine Industries and Engineering Private Limited) was admitted into Corporate Insolvency Resolution Process (CIRP) by an order of the Tribunal dated 06.11.2024. Mr. Atluri Ramesh was appointed as the Interim Resolution Professional (IRP). Subsequently, the IRP issued a public announcement inviting claims from creditors. Later, Mr K Murali Krishna Prasad was appointed as Resolution Professional (RP) in place of IRP.
The Corporate Debtor was admitted into CIRP on 06.11.2024.
Mr. Atluri Ramesh was initially appointed as the Interim Resolution Professional (IRP).
Mr K Murali Krishna Prasad was later appointed as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted and later reconstituted.
The CIRP period ended on 04.05.2025, with a 90-day extension granted.
No resolution plan was received.
The CoC resolved for liquidation with 100% voting share on 06.10.2025.
Mr. Shaik Gouse was appointed as Liquidator.
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The Corporate Debtor…
The initial CIR…
The Corporate Debtor (Raine Industries and Engineering Private Limited) was admitted into Corporate Insolvency Resolution Process (CIRP) by an order of the Tribunal dated 06.11.2024. Mr. Atluri Ramesh was appointed as the Interim Resolution Professional (IRP). Subsequently, the IRP issued a public announcement inviting claims from creditors. Later, Mr K Murali Krishna Prasad was appointed as Resolution Professional (RP) in place of IRP.
The Corporate Debtor was admitted into CIRP on 06.11.2024.
Mr. Atluri Ramesh was initially appointed as the Interim Resolution Professional (IRP).
Mr K Murali Krishna Prasad was later appointed as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted and later reconstituted.
The CIRP period ended on 04.05.2025, with a 90-day extension granted.
No resolution plan was received.
The CoC resolved for liquidation with 100% voting share on 06.10.2025.
Mr. Shaik Gouse was appointed as Liquidator.
The Corporate Debtor…
The initial CIR…