S.K. Agarwala & Co., an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kejriwal Sugar Agencies Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition, bearing CP IB No. 14/KB/2023, was filed due to an alleged default amount of Rs. 2,05,57,612/-. The Kolkata Bench of the NCLT admitted the Corporate Debtor into CIRP on 22nd April, 2024, and appointed Rajnandan Kumar as the Interim Resolution Professional (IRP).
S.K. Agarwala & Co. filed a petition under Section 9 of the IBC to initiate CIRP against Kejriwal Sugar Agencies Private Limited due to a default of Rs. 2,05,57,612/-.
The Kolkata Bench of NCLT admitted the Corporate Debtor into CIRP on April 22, 2024, and appointed Rajnandan Kumar as the Interim Resolution Professional (IRP).
The IRP made a public announcement on April 26, 2024, in Business Standard (English) and Aajkaal (Bangla) to invite claims from creditors.
The Committee of Creditors (CoC) was constituted, with ICICI Bank Ltd holding 74.04% voting share, Himatsingka Chemicals Private Limited holding 12.10%, and Abhishek Chemicals Pvt. Ltd. holding 13.86%.
The CoC approved the Resolution Plan submitted by Sakuma Exports Limited with a 74.04% voting share.
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S.K. Agarwala & Co. filed a company petition…
This Tribunal, Kolkata Bench, by an order dated…
S.K. Agarwala & Co., an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kejriwal Sugar Agencies Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition, bearing CP IB No. 14/KB/2023, was filed due to an alleged default amount of Rs. 2,05,57,612/-. The Kolkata Bench of the NCLT admitted the Corporate Debtor into CIRP on 22nd April, 2024, and appointed Rajnandan Kumar as the Interim Resolution Professional (IRP).
S.K. Agarwala & Co. filed a petition under Section 9 of the IBC to initiate CIRP against Kejriwal Sugar Agencies Private Limited due to a default of Rs. 2,05,57,612/-.
The Kolkata Bench of NCLT admitted the Corporate Debtor into CIRP on April 22, 2024, and appointed Rajnandan Kumar as the Interim Resolution Professional (IRP).
The IRP made a public announcement on April 26, 2024, in Business Standard (English) and Aajkaal (Bangla) to invite claims from creditors.
The Committee of Creditors (CoC) was constituted, with ICICI Bank Ltd holding 74.04% voting share, Himatsingka Chemicals Private Limited holding 12.10%, and Abhishek Chemicals Pvt. Ltd. holding 13.86%.
The CoC approved the Resolution Plan submitted by Sakuma Exports Limited with a 74.04% voting share.
…S.K. Agarwala & Co. filed a company petition…
This Tribunal, Kolkata Bench, by an order dated…