An application was filed under Section 9 of the Code by AMD Industries Limited (Operational Creditor) numbered as CP IB 1680/2019 to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Court IV-NCLT Delhi vide order dated 09.12.2021 (Admission Order) admitted the Corporate Debtor into CIRP, and a moratorium was declared.
AMD Industries Limited filed an application under Section 9 of the IBC to initiate CIRP against M/S VHV Beverages Private Limited.
The Corporate Debtor was admitted into CIRP on 09.12.2021.
Mr. Rahul Khanna was initially appointed as the Interim Resolution Professional (IRP).
Mr. Umesh Chand Goyal was appointed as the Resolution Professional (RP) replacing Mr. Rahul Khanna.
Mr. Pankaj Mahajan was appointed as the RP replacing Mr. Umesh Chand Goyal.
Several resolution plans were received but none were approved by the CoC.
The CoC decided to liquidate the Corporate Debtor with 85.73% voting share.
Mr. Anuj Sharma, one of the ex-directors of the Corporate Debtor, objected to the liquidation application.
The Adjudicating Authority approved the liquidation of the Corporate Debtor.
…Sign in to view the parties.
Corporate D…
Mr. Umesh Chan…
An application was filed under Section 9 of the Code by AMD Industries Limited (Operational Creditor) numbered as CP IB 1680/2019 to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Court IV-NCLT Delhi vide order dated 09.12.2021 (Admission Order) admitted the Corporate Debtor into CIRP, and a moratorium was declared.
AMD Industries Limited filed an application under Section 9 of the IBC to initiate CIRP against M/S VHV Beverages Private Limited.
The Corporate Debtor was admitted into CIRP on 09.12.2021.
Mr. Rahul Khanna was initially appointed as the Interim Resolution Professional (IRP).
Mr. Umesh Chand Goyal was appointed as the Resolution Professional (RP) replacing Mr. Rahul Khanna.
Mr. Pankaj Mahajan was appointed as the RP replacing Mr. Umesh Chand Goyal.
Several resolution plans were received but none were approved by the CoC.
The CoC decided to liquidate the Corporate Debtor with 85.73% voting share.
Mr. Anuj Sharma, one of the ex-directors of the Corporate Debtor, objected to the liquidation application.
The Adjudicating Authority approved the liquidation of the Corporate Debtor.
…Corporate D…
Mr. Umesh Chan…