Axis Bank Limited initiated Corporate Insolvency Resolution Process (CIRP) against Khadkeshwar Hatcheries Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into CIRP on 20.06.2023, and Amit Chandrashekhar Poddar was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). A public announcement was made, claims were invited, and the Committee of Creditors (CoC) was constituted. After inviting Expressions of Interest (EOI), M/s. Ananta Vegetable Seeds Private Limited submitted a Resolution Plan, which was subsequently approved by the CoC with a 77.90% voting share.
Axis Bank Limited filed an application under Section 7 of the IBC, 2016, against Khadkeshwar Hatcheries Limited.
Khadkeshwar Hatcheries Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on 20.06.2023.
Amit Chandrashekhar Poddar was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The IRP made a public announcement on 23.06.2023 to invite claims from creditors.
A list of creditors was prepared on 20.06.2023, and the Committee of Creditors (CoC) was constituted on 13.07.2023, later revised on 19.09.2023.
The CoC included Secured Financial Creditors (IDBI Bank, Axis Bank, Bank of Baroda, Union Bank of India) and Unsecured Financial Creditors (Amrutha Finance Pvt Ltd, Saikrupa Poultry Pvt Ltd).
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Khadkeshwar Hatcheries Limited was admitted…
The IRP made a public announcement to invite…
Axis Bank Limited initiated Corporate Insolvency Resolution Process (CIRP) against Khadkeshwar Hatcheries Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into CIRP on 20.06.2023, and Amit Chandrashekhar Poddar was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). A public announcement was made, claims were invited, and the Committee of Creditors (CoC) was constituted. After inviting Expressions of Interest (EOI), M/s. Ananta Vegetable Seeds Private Limited submitted a Resolution Plan, which was subsequently approved by the CoC with a 77.90% voting share.
Axis Bank Limited filed an application under Section 7 of the IBC, 2016, against Khadkeshwar Hatcheries Limited.
Khadkeshwar Hatcheries Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on 20.06.2023.
Amit Chandrashekhar Poddar was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The IRP made a public announcement on 23.06.2023 to invite claims from creditors.
A list of creditors was prepared on 20.06.2023, and the Committee of Creditors (CoC) was constituted on 13.07.2023, later revised on 19.09.2023.
The CoC included Secured Financial Creditors (IDBI Bank, Axis Bank, Bank of Baroda, Union Bank of India) and Unsecured Financial Creditors (Amrutha Finance Pvt Ltd, Saikrupa Poultry Pvt Ltd).
…Khadkeshwar Hatcheries Limited was admitted…
The IRP made a public announcement to invite…