The Resolution Professional of Hybro Foods Private Limited filed an application under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
The Corporate Debtor, Hybro Foods Private Limited, was engaged in the business of chicken processing and related products, but operations ceased on 31.12.2022.
The Applicant, Pankaj Sham Joshi, is the Resolution Professional of the Corporate Debtor.
The Financial Creditor initiated Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Code, and CIRP commenced on 03.03.2023.
The CoC, comprising Kotak Mahindra Bank Ltd. and Union Bank of India, resolved to appoint the IRP as a Resolution Professional.
The CoC resolved to initiate the liquidation process of the Corporate Debtor with 82.45% vote.
The Applicant received two Expressions of Interest, but no Resolution Plan was submitted by the last date.
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Corporate Insolvency Resolution Process…
The IRP issued…
The Resolution Professional of Hybro Foods Private Limited filed an application under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
The Corporate Debtor, Hybro Foods Private Limited, was engaged in the business of chicken processing and related products, but operations ceased on 31.12.2022.
The Applicant, Pankaj Sham Joshi, is the Resolution Professional of the Corporate Debtor.
The Financial Creditor initiated Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Code, and CIRP commenced on 03.03.2023.
The CoC, comprising Kotak Mahindra Bank Ltd. and Union Bank of India, resolved to appoint the IRP as a Resolution Professional.
The CoC resolved to initiate the liquidation process of the Corporate Debtor with 82.45% vote.
The Applicant received two Expressions of Interest, but no Resolution Plan was submitted by the last date.
…Corporate Insolvency Resolution Process…
The IRP issued…