This batch of company appeals arises from an order of the Adjudicating Authority directing the liquidation of a corporate debtor. Specifically, Company Appeal (AT) (CH) (Ins) No. 440/2026 was filed by the Successful Resolution Applicant (SRA) to challenge this liquidation order. Concurrently, Company Appeal (AT) (CH) (Ins) No. 547/2026 was filed by an assignee of IDBI's debt, holding a 3.81% voting share in the Committee of Creditors (CoC), also challenging the same liquidation order. These appeals indicate a dispute over the Adjudicating Authority's decision to liquidate the corporate debtor, with both the SRA and a financial creditor seeking to overturn it.
This batch of company appeals involves several parties, including Puissant Global Pvt. Ltd. (SRA of Thalaivar Steels Ltd.), Liquidator of Handum Industries Ltd., Bank of India (representing the Erstwhile CoC of Splendid Metal Products Ltd, now known as Thalaivar Steels Ltd), Invent Assets Securitisation and Reconstruction Pvt Ltd, and Raj Radhe Finance Ltd. The appeals primarily challenge an order of the Adjudicating Authority directing the liquidation of the corporate debtor, Splendid Metal Products Ltd (Thalaivar Steels Ltd).
Adjudicating Authority passed an order…
A Joint Lenders Meeting was held where 8 out of…
This batch of company appeals arises from an order of the Adjudicating Authority directing the liquidation of a corporate debtor. Specifically, Company Appeal (AT) (CH) (Ins) No. 440/2026 was filed by the Successful Resolution Applicant (SRA) to challenge this liquidation order. Concurrently, Company Appeal (AT) (CH) (Ins) No. 547/2026 was filed by an assignee of IDBI's debt, holding a 3.81% voting share in the Committee of Creditors (CoC), also challenging the same liquidation order. These appeals indicate a dispute over the Adjudicating Authority's decision to liquidate the corporate debtor, with both the SRA and a financial creditor seeking to overturn it.
This batch of company appeals involves several parties, including Puissant Global Pvt. Ltd. (SRA of Thalaivar Steels Ltd.), Liquidator of Handum Industries Ltd., Bank of India (representing the Erstwhile CoC of Splendid Metal Products Ltd, now known as Thalaivar Steels Ltd), Invent Assets Securitisation and Reconstruction Pvt Ltd, and Raj Radhe Finance Ltd. The appeals primarily challenge an order of the Adjudicating Authority directing the liquidation of the corporate debtor, Splendid Metal Products Ltd (Thalaivar Steels Ltd).
Adjudicating Authority passed an order…
A Joint Lenders Meeting was held where 8 out of…