The case involves an application for approval of a resolution plan for Ananya Wood Private Limited, a corporate debtor, under the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated by Canara Bank, a financial creditor.
Canara Bank filed a petition (CP (IB) No. 284/KB/2022) against Ananya Wood Private Limited to initiate CIRP under Section 7 of IBC, which was admitted on 02.02.2024.
Anil Aggarwal was appointed as the Interim Resolution Professional (IRP).
Public announcement was made on 05.02.2024, inviting claims from creditors.
The Committee of Creditors (CoC) was constituted, initially with State Bank of India and Canara Bank, and later revised to include Bank of Baroda.
Form G was published to invite Expression of Interest (EoI) from prospective resolution applicants.
Kaushalya Township Private Limited submitted a resolution plan, which was approved by the CoC with 100% voting shares.
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The Company Petition…
Public announcement was…
The case involves an application for approval of a resolution plan for Ananya Wood Private Limited, a corporate debtor, under the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated by Canara Bank, a financial creditor.
Canara Bank filed a petition (CP (IB) No. 284/KB/2022) against Ananya Wood Private Limited to initiate CIRP under Section 7 of IBC, which was admitted on 02.02.2024.
Anil Aggarwal was appointed as the Interim Resolution Professional (IRP).
Public announcement was made on 05.02.2024, inviting claims from creditors.
The Committee of Creditors (CoC) was constituted, initially with State Bank of India and Canara Bank, and later revised to include Bank of Baroda.
Form G was published to invite Expression of Interest (EoI) from prospective resolution applicants.
Kaushalya Township Private Limited submitted a resolution plan, which was approved by the CoC with 100% voting shares.
…The Company Petition…
Public announcement was…