The Corporate Insolvency Resolution Process (CIRP) was initiated against Dunnimaa Engineers and Divers Enterprises Pvt. Ltd. based on an application filed by Omkara Asset Reconstruction Private Limited, the Financial Creditor.

The Committee of Creditors (CoC) approved the resolution plan submitted by Amphitrite Subsea Pvt. Ltd. with a 100% voting share.

The Resolution Professional (RP) initially filed I.A. No. 5281 of 2023 seeking approval of the resolution plan, but it was later withdrawn to incorporate necessary corrections and amendments.

The RP sought extensions of the CIRP period, which were partially allowed by the Tribunal.

The Resolution Plan provides for the treatment of CIRP costs, unsecured financial creditors, and operational creditors.

The Corporate Insolvency Resolution Process (CIRP) was initiated against Dunnimaa Engineers and Divers Enterprises Pvt. Ltd. based on an application filed by Omkara Asset Reconstruction Private Limited, the Financial Creditor.

The Committee of Creditors (CoC) approved the resolution plan submitted by Amphitrite Subsea Pvt. Ltd. with a 100% voting share.

The Resolution Professional (RP) initially filed I.A. No. 5281 of 2023 seeking approval of the resolution plan, but it was later withdrawn to incorporate necessary corrections and amendments.

The RP sought extensions of the CIRP period, which were partially allowed by the Tribunal.

The Resolution Plan provides for the treatment of CIRP costs, unsecured financial creditors, and operational creditors.