The case involves two appeals arising from the same order dated 09.10.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-III) in IA No. 1745 of 2022 in C.P. No. 281/MB/C-III/2019. The first appeal, Comp. App. (AT) (Ins.) No. 2319 of 2024, was preferred by the Consortium led by Syonira Invecast Pvt. Ltd., the Successful Resolution Applicant (SRA), and the second appeal, Comp. App. (AT) (Ins.) No. 141 of 2025, was filed by the Employees' Provident Fund Organisation (EPFO). Both parties are aggrieved by the impugned order.
The Corporate Insolvency Resolution Process (CIRP) of M/S Goa Invescast Ltd./Corporate Debtor was initiated by Steel and Scrap Pvt. Ltd.
Vinit Gangawal was appointed as the Interim Resolution Professional, and later, Mr. Anil Seetaram Vaidya was appointed as Resolution Professional (RP) on 09.10.2019.
EPFO submitted its claim in Form B dated 24.09.2019, claiming Rs. 17.90 lakhs.
In the 5th CoC Meeting on 02.03.2020, the RP informed that the PF liability was Rs. 63.15 lakhs, and the Resolution Plan was revised accordingly.
The Resolution Plan of Syonira Invecast Pvt. Ltd. was approved unanimously by the CoC on 20.11.2020 and subsequently approved by the Adjudicating Authority on 09.11.2021.
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CIRP of Goa Invescast…
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The case involves two appeals arising from the same order dated 09.10.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-III) in IA No. 1745 of 2022 in C.P. No. 281/MB/C-III/2019. The first appeal, Comp. App. (AT) (Ins.) No. 2319 of 2024, was preferred by the Consortium led by Syonira Invecast Pvt. Ltd., the Successful Resolution Applicant (SRA), and the second appeal, Comp. App. (AT) (Ins.) No. 141 of 2025, was filed by the Employees' Provident Fund Organisation (EPFO). Both parties are aggrieved by the impugned order.
The Corporate Insolvency Resolution Process (CIRP) of M/S Goa Invescast Ltd./Corporate Debtor was initiated by Steel and Scrap Pvt. Ltd.
Vinit Gangawal was appointed as the Interim Resolution Professional, and later, Mr. Anil Seetaram Vaidya was appointed as Resolution Professional (RP) on 09.10.2019.
EPFO submitted its claim in Form B dated 24.09.2019, claiming Rs. 17.90 lakhs.
In the 5th CoC Meeting on 02.03.2020, the RP informed that the PF liability was Rs. 63.15 lakhs, and the Resolution Plan was revised accordingly.
The Resolution Plan of Syonira Invecast Pvt. Ltd. was approved unanimously by the CoC on 20.11.2020 and subsequently approved by the Adjudicating Authority on 09.11.2021.
…CIRP of Goa Invescast…
IRP invited claims from…