The application is filed by the Resolution Professional of M/s. Meenesh Irrigation India Private Limited (Corporate Debtor) under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by M/s Priya Machines through its proprietor Mr. Osaf Iqbal Khan.
The Corporate Insolvency Resolution Process (CIRP) was initiated on 22.01.2025.
Amresh Shukla was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.
The Committee of Creditors (COC) was formed on 11.02.2025.
M/s Priya Machines submitted the Resolution Plan on 05.07.2025.
The COC approved the Resolution Plan with 89.20% voting share.
The Resolution Plan proposes to offer Rs. 2,45,00,000 against the admitted debt of Rs. 7,52,01,000, representing 32.57% of the total admitted debt.
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Corporate Insolvency Resolution Process…
Public Announce…
The application is filed by the Resolution Professional of M/s. Meenesh Irrigation India Private Limited (Corporate Debtor) under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by M/s Priya Machines through its proprietor Mr. Osaf Iqbal Khan.
The Corporate Insolvency Resolution Process (CIRP) was initiated on 22.01.2025.
Amresh Shukla was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.
The Committee of Creditors (COC) was formed on 11.02.2025.
M/s Priya Machines submitted the Resolution Plan on 05.07.2025.
The COC approved the Resolution Plan with 89.20% voting share.
The Resolution Plan proposes to offer Rs. 2,45,00,000 against the admitted debt of Rs. 7,52,01,000, representing 32.57% of the total admitted debt.
Corporate Insolvency Resolution Process…
Public Announce…