Borojalingah Tea Company filed a company petition against IMECO Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted on August 29, 2019. IA (IB) No. 332/KB/2022 was filed by the Resolution Professional of IMECO Limited for approval of the Resolution Plan.
Borojalingah Tea Company initiated CIRP against IMECO Limited under Section 7 of IBC, admitted on August 29, 2019.
Mr. Soumendra Podder was initially appointed as IRP, later replaced by Mr. Pratim Bayal.
The CoC comprised five Financial Creditors: Axis Bank, State Bank of India, Borojalingah Tea Company, Stuti Securities Limited, and Gliadin Intertrade Private Limited.
The CoC approved the Resolution Plan of SRP Infocom Private Limited with 77.74% voting share, but this was set aside by the Adjudicating Authority.
The CoC then approved the Resolution Plan of IMECO Overseas Private Limited with 98.61% voting share.
The Resolution Applicant submitted a Performance Bank Guarantee of ₹50,00,000/-.
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Company Petition filed…
IRP made public…
Borojalingah Tea Company filed a company petition against IMECO Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted on August 29, 2019. IA (IB) No. 332/KB/2022 was filed by the Resolution Professional of IMECO Limited for approval of the Resolution Plan.
Borojalingah Tea Company initiated CIRP against IMECO Limited under Section 7 of IBC, admitted on August 29, 2019.
Mr. Soumendra Podder was initially appointed as IRP, later replaced by Mr. Pratim Bayal.
The CoC comprised five Financial Creditors: Axis Bank, State Bank of India, Borojalingah Tea Company, Stuti Securities Limited, and Gliadin Intertrade Private Limited.
The CoC approved the Resolution Plan of SRP Infocom Private Limited with 77.74% voting share, but this was set aside by the Adjudicating Authority.
The CoC then approved the Resolution Plan of IMECO Overseas Private Limited with 98.61% voting share.
The Resolution Applicant submitted a Performance Bank Guarantee of ₹50,00,000/-.
…Company Petition filed…
IRP made public…