The Corporate Insolvency Resolution Process (CIRP) for M/s. Vibha Agro Tech Limited commenced on 05.06.2023, initiated by State Bank of India under Section 7 of the IBC, 2016. Shri Madasa Kumar was appointed as the Resolution Professional (RP) on 22.12.2023, replacing Mr. Ram Ratan Kanoongo. An initial resolution plan by M/s Vasavi Realty Private Limited was approved by the CoC but subsequently challenged by the Suspended Directors and the All-Indian Kisan Sabha.
The Corporate Insolvency Resolution Process (CIRP) for M/s. Vibha Agro Tech Limited commenced on 05.06.2023, initiated by State Bank of India under Section 7 of IBC, 2016.
Shri Madasa Kumar was appointed as the Resolution Professional (RP) on 22.12.2023, replacing Mr. Ram Ratan Kanoongo.
An initial resolution plan under IA (IBC) Plan 11/2024 submitted by M/s Vasavi Realty Private Limited was approved by the CoC but challenged by the Suspended Directors and the All-Indian Kisan Sabha.
The Tribunal ordered a fresh Public Announcement (Form-A) on 21.02.2025, directing completion of CIRP within a maximum of 180 days.
A fresh Form-A was issued on 27.02.2025 in multiple regional and national newspapers with a claim deadline of 07.03.2025.
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Corporate Insolvency Resolution Process (CIRP)…
Shri Madasa Kumar was appointed as the…
The Corporate Insolvency Resolution Process (CIRP) for M/s. Vibha Agro Tech Limited commenced on 05.06.2023, initiated by State Bank of India under Section 7 of the IBC, 2016. Shri Madasa Kumar was appointed as the Resolution Professional (RP) on 22.12.2023, replacing Mr. Ram Ratan Kanoongo. An initial resolution plan by M/s Vasavi Realty Private Limited was approved by the CoC but subsequently challenged by the Suspended Directors and the All-Indian Kisan Sabha.
The Corporate Insolvency Resolution Process (CIRP) for M/s. Vibha Agro Tech Limited commenced on 05.06.2023, initiated by State Bank of India under Section 7 of IBC, 2016.
Shri Madasa Kumar was appointed as the Resolution Professional (RP) on 22.12.2023, replacing Mr. Ram Ratan Kanoongo.
An initial resolution plan under IA (IBC) Plan 11/2024 submitted by M/s Vasavi Realty Private Limited was approved by the CoC but challenged by the Suspended Directors and the All-Indian Kisan Sabha.
The Tribunal ordered a fresh Public Announcement (Form-A) on 21.02.2025, directing completion of CIRP within a maximum of 180 days.
A fresh Form-A was issued on 27.02.2025 in multiple regional and national newspapers with a claim deadline of 07.03.2025.
…Corporate Insolvency Resolution Process (CIRP)…
Shri Madasa Kumar was appointed as the…