The Resolution Professional of Shubhada Tool Industries Private Ltd. filed an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan submitted by CIAN Agro Industries & Infrastructure Limited.
The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (‘CIRP') vide order dated 17.01.2025.
Mr. Atul Rajwadkar was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement on 19.01.2025 to invite claims from the creditors.
The Committee of Creditors (‘CoC') was constituted on 05.02.2025, consisting of Cosmos Co-operative Bank Limited.
The Resolution Plan submitted by the CIAN was approved by Committee of Creditors with 100% voting share.
The Applicant issued a Letter of Intent (‘LOI') dated 14.10.2025 to the SRA.
The Resolution Plan has been filed 270 days after the commencement of CIRP.
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The Corporate Debtor…
The IRP made a public…
The Resolution Professional of Shubhada Tool Industries Private Ltd. filed an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan submitted by CIAN Agro Industries & Infrastructure Limited.
The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (‘CIRP') vide order dated 17.01.2025.
Mr. Atul Rajwadkar was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement on 19.01.2025 to invite claims from the creditors.
The Committee of Creditors (‘CoC') was constituted on 05.02.2025, consisting of Cosmos Co-operative Bank Limited.
The Resolution Plan submitted by the CIAN was approved by Committee of Creditors with 100% voting share.
The Applicant issued a Letter of Intent (‘LOI') dated 14.10.2025 to the SRA.
The Resolution Plan has been filed 270 days after the commencement of CIRP.
The Corporate Debtor…
The IRP made a public…