The application was filed under Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Newage Intermediaries LLP and approved by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) against Shri Krishna Prasadam Limited was initiated on 14.03.2022.
Public announcement for inviting claims from creditors was made on 22.03.2022.
The Committee of Creditors (CoC) was constituted, and its first meeting was held on 18.04.2022.
Jaswant Singh was appointed as the Interim Resolution Professional and later as the Resolution Professional.
Seven entities submitted Expression of Interest for the Resolution Plan.
Newage Intermediaries LLP was the sole Prospective Resolution Applicant (PRA).
The CoC approved the Resolution Plan submitted by Newage Intermediaries LLP in its 7th meeting held on 21.09.2022 with 100% voting rights.
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Corporate Insolvency…
Public Announcement for…
The application was filed under Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Newage Intermediaries LLP and approved by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) against Shri Krishna Prasadam Limited was initiated on 14.03.2022.
Public announcement for inviting claims from creditors was made on 22.03.2022.
The Committee of Creditors (CoC) was constituted, and its first meeting was held on 18.04.2022.
Jaswant Singh was appointed as the Interim Resolution Professional and later as the Resolution Professional.
Seven entities submitted Expression of Interest for the Resolution Plan.
Newage Intermediaries LLP was the sole Prospective Resolution Applicant (PRA).
The CoC approved the Resolution Plan submitted by Newage Intermediaries LLP in its 7th meeting held on 21.09.2022 with 100% voting rights.
…Corporate Insolvency…
Public Announcement for…