The Corporate Insolvency Resolution Process (CIRP) commenced for Atharva Auto Logistics Private Limited on February 18, 2022. Mr. Uday Kumar Bhaskar Bhatt was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). A Resolution Plan was submitted by Mr. Suyog Satish Pachange, one of the suspended directors of the Corporate Debtor, who was eligible as the Corporate Debtor is a Small and Medium Enterprise (SME). The Committee of Creditors (CoC) approved the Resolution Plan with 66.12% votes (Pravara Sahakari Bank Limited), while Intec Capital Limited, holding 33.88% voting share, did not vote. The RP filed an application (IA(PLAN)/1/2024) seeking approval of this Resolution Plan under Section 30 of the Insolvency and
…The Corporate Insolvency Resolution Process (CIRP) of M/s. Atharva Auto Logistics Private Limited commenced on 18.02.2022 under Section 7 of the Code.
Mr. Uday Kumar Bhaskar Bhatt was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP) of the Corporate Debtor.
A Public Announcement in Form A was issued on 25.02.2022, inviting claims from creditors on or before 09.03.2022.
Claims were received from Intec Capital Limited and Employees' State Insurance Corporation (ESIC), and a notice from Employees' Provident Fund Organisation (EPFO).
Pravara Sahakari Bank Limited filed its claim on 31.03.2022, leading to the reconstitution of the CoC on 19.04.2022.
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The Corporate Insolvency Resolution Process…
A Public Announcement…
The Corporate Insolvency Resolution Process (CIRP) commenced for Atharva Auto Logistics Private Limited on February 18, 2022. Mr. Uday Kumar Bhaskar Bhatt was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). A Resolution Plan was submitted by Mr. Suyog Satish Pachange, one of the suspended directors of the Corporate Debtor, who was eligible as the Corporate Debtor is a Small and Medium Enterprise (SME). The Committee of Creditors (CoC) approved the Resolution Plan with 66.12% votes (Pravara Sahakari Bank Limited), while Intec Capital Limited, holding 33.88% voting share, did not vote. The RP filed an application (IA(PLAN)/1/2024) seeking approval of this Resolution Plan under Section 30 of the Insolvency and
…The Corporate Insolvency Resolution Process (CIRP) of M/s. Atharva Auto Logistics Private Limited commenced on 18.02.2022 under Section 7 of the Code.
Mr. Uday Kumar Bhaskar Bhatt was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP) of the Corporate Debtor.
A Public Announcement in Form A was issued on 25.02.2022, inviting claims from creditors on or before 09.03.2022.
Claims were received from Intec Capital Limited and Employees' State Insurance Corporation (ESIC), and a notice from Employees' Provident Fund Organisation (EPFO).
Pravara Sahakari Bank Limited filed its claim on 31.03.2022, leading to the reconstitution of the CoC on 19.04.2022.
…The Corporate Insolvency Resolution Process…
A Public Announcement…