The Corporate Insolvency Resolution Process (CIRP) of M/s Megi Agro Chem Limited was initiated by the Tribunal. The Applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was issued inviting claims from creditors.
The IA was filed by the Resolution Professional of Megi Agro Chem Limited seeking approval of the Resolution Plan.
The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 05.08.2022.
The Committee of Creditors (CoC) was constituted on 28.08.2022.
The Resolution Plan submitted by Arainfra Projects Private Limited was approved by the CoC with 100% vote.
The SRA is willing to consider the claim filed by the EPFO, for which a provision will be made in the Resolution Plan.
The Resolution Plan proposes the infusion of Rs. 17,51,00,000/- into the Company by Arainfra Projects Private Limited towards payment of all the stakeholders.
The existing shareholders' shares will be extinguished.
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IA filed by Mr…
Corporate Insolvency…
The Corporate Insolvency Resolution Process (CIRP) of M/s Megi Agro Chem Limited was initiated by the Tribunal. The Applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was issued inviting claims from creditors.
The IA was filed by the Resolution Professional of Megi Agro Chem Limited seeking approval of the Resolution Plan.
The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 05.08.2022.
The Committee of Creditors (CoC) was constituted on 28.08.2022.
The Resolution Plan submitted by Arainfra Projects Private Limited was approved by the CoC with 100% vote.
The SRA is willing to consider the claim filed by the EPFO, for which a provision will be made in the Resolution Plan.
The Resolution Plan proposes the infusion of Rs. 17,51,00,000/- into the Company by Arainfra Projects Private Limited towards payment of all the stakeholders.
The existing shareholders' shares will be extinguished.
…IA filed by Mr…
Corporate Insolvency…