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, Raine Industries and Engineering Private Limited, 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 formed and later reconstituted after the admission of a claim from Authum Investment & Infrastructure Limited.
The initial CIRP period ended on 04.05.2025, with a 90-day extension granted until 03.08.2025.
Form G was published inviting Expression of Interest (EoI) from prospective resolution applicants.
No resolution plan was received by the deadline of 29.08.2025.
The CoC resolved to liquidate the Corporate Debtor with 100% voting share on 06.10.2025.
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Corporate Debtor…
IRP issued a public…
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, Raine Industries and Engineering Private Limited, 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 formed and later reconstituted after the admission of a claim from Authum Investment & Infrastructure Limited.
The initial CIRP period ended on 04.05.2025, with a 90-day extension granted until 03.08.2025.
Form G was published inviting Expression of Interest (EoI) from prospective resolution applicants.
No resolution plan was received by the deadline of 29.08.2025.
The CoC resolved to liquidate the Corporate Debtor with 100% voting share on 06.10.2025.
…Corporate Debtor…
IRP issued a public…