The application is under Section 30(6) and Section 31 of the Insolvency & Bankruptcy Code, 2016, along with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The Corporate Debtor was admitted into CIRP vide order dated 13.08.2024.
Vasudeo Agarwal was appointed as IRP and later continued as RP.
Public announcement was made on 17.08.2024 inviting claims from creditors.
The Resolution Professional filed a list of creditors on 05.09.2024.
Only one resolution plan was received from Tulip Suppliers Private Limited.
The Resolution Plan was approved with 100% voting in favor.
The Resolution Applicant deposited Rs. 25,00,000/- towards Performance Security.
The total plan value for the Corporate Debtor is INR 2500 Lakhs plus actual CIRP Cost.
The Resolution Plan has been approved with 100% voting share by the CoC.
Sign in to view the parties.
Date on which t…
The date on which the…
The application is under Section 30(6) and Section 31 of the Insolvency & Bankruptcy Code, 2016, along with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The Corporate Debtor was admitted into CIRP vide order dated 13.08.2024.
Vasudeo Agarwal was appointed as IRP and later continued as RP.
Public announcement was made on 17.08.2024 inviting claims from creditors.
The Resolution Professional filed a list of creditors on 05.09.2024.
Only one resolution plan was received from Tulip Suppliers Private Limited.
The Resolution Plan was approved with 100% voting in favor.
The Resolution Applicant deposited Rs. 25,00,000/- towards Performance Security.
The total plan value for the Corporate Debtor is INR 2500 Lakhs plus actual CIRP Cost.
The Resolution Plan has been approved with 100% voting share by the CoC.
Date on which t…
The date on which the…