The application was filed by the Resolution Professional of M/s. Barracks Retails India Pvt. Ltd. under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Aikyam Stressed Assets Fund I.
The CIRP was initiated on 09.01.2024.
Ganesh Venkata Siva Rama Krishna Remani was appointed as the Resolution Professional.
The Resolution Plan submitted by Aikyam Stressed Assets Fund I was approved by 100% of the CoC.
The CoC consisted of only one secured financial creditor, ASREC (India) Limited.
The Resolution Applicant proposes to make a payment of Rs.3,780/- to Operational Creditors.
The Resolution Applicant proposes to make a payment of Rs.8,75,96,220/- to Secured Financial Creditor.
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The CIRP o…
Public announcement was…
The application was filed by the Resolution Professional of M/s. Barracks Retails India Pvt. Ltd. under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Aikyam Stressed Assets Fund I.
The CIRP was initiated on 09.01.2024.
Ganesh Venkata Siva Rama Krishna Remani was appointed as the Resolution Professional.
The Resolution Plan submitted by Aikyam Stressed Assets Fund I was approved by 100% of the CoC.
The CoC consisted of only one secured financial creditor, ASREC (India) Limited.
The Resolution Applicant proposes to make a payment of Rs.3,780/- to Operational Creditors.
The Resolution Applicant proposes to make a payment of Rs.8,75,96,220/- to Secured Financial Creditor.
The CIRP o…
Public announcement was…