An Interlocutory Application was filed by the Resolution Professional, Mr. Prashant Jain, under Section 33 of the Insolvency and Bankruptcy Code, 2016, for initiating Liquidation Process against GREY'S EXIM PRIVATE LIMITED (Corporate Debtor).
The petition numbered C.P No. 255/MB/I&B/2020 was filed by the Operational Creditor under Section 9 of the Code against the Corporate Debtor.
The Corporate Debtor was admitted into CIRP by the Tribunal vide order dated 27/06/2023 in C.P. No. 255/MB/I&B/2020.
The Committee of Creditors approved the Resolution Plan on 24/06/2024 with 99.31% voting share.
The Resolution Plan was approved by the Tribunal vide order dated 29/01/2025.
The SRA requested for extension of timeline for making payment under the plan citing cancer diagnosis.
The Tribunal allowed extension along with interest @ 12% of the delayed payments vide order dated 08/04/2025.
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Corporate Debtor was admitted into CIRP by the…
Committee of Creditors…
An Interlocutory Application was filed by the Resolution Professional, Mr. Prashant Jain, under Section 33 of the Insolvency and Bankruptcy Code, 2016, for initiating Liquidation Process against GREY'S EXIM PRIVATE LIMITED (Corporate Debtor).
The petition numbered C.P No. 255/MB/I&B/2020 was filed by the Operational Creditor under Section 9 of the Code against the Corporate Debtor.
The Corporate Debtor was admitted into CIRP by the Tribunal vide order dated 27/06/2023 in C.P. No. 255/MB/I&B/2020.
The Committee of Creditors approved the Resolution Plan on 24/06/2024 with 99.31% voting share.
The Resolution Plan was approved by the Tribunal vide order dated 29/01/2025.
The SRA requested for extension of timeline for making payment under the plan citing cancer diagnosis.
The Tribunal allowed extension along with interest @ 12% of the delayed payments vide order dated 08/04/2025.
…Corporate Debtor was admitted into CIRP by the…
Committee of Creditors…