Zee Learn IRP Seeks Claim Details From Creditors

Zee Learn Ltd.’s Interim Resolution Professional (IRP) Rohit Mehra asked the bankrupt company’s creditors to submit their claim details.

The creditors of education provider, which runs chain of K-12 schools, should submit their claims with proof by 24 February, Mehra said in a public announcement. The e-mail to be used for correspondence with the IRP is ip.zeelearn@gmail.com and cirp.zll@in.ey.com, he added.

Zee Learn, a part of Essel Group, is undergoing a corporate insolvency resolution process (CIRP) after the Mumbai bench of the National Company Law Tribunal admitted a petition against the company on 10 February.

Yes Bank, the financial creditor of Zee Learn, had filed the petition against the company, claiming a total default of about 469 crore rupees ($56.71 million).

The CIRP of Zee Learn, whose Chief Executive Officer Ritesh Handa has resigned, is likely to be completed by 9 August, according to the announcement.

(Note: $1 = 82.7007 Indian rupees)

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