The case involves multiple Interlocutory Applications (IAs) filed in Company Appeal (AT) (Insolvency) No. 1038 of 2020 and No. 1043 of 2020. These appeals challenge an order dated 10.11.2020 passed by the National Company Law Tribunal (NCLT), Ahmedabad, regarding the Corporate Insolvency Resolution Process (CIRP) of Essar Steel India Ltd. and Odisha Slurry Pipeline Infrastructure Ltd. (OSPIL). The IAs primarily seek impleadment or intervention in the appeals.
Corporate Insolvency Resolution Process (CIRP) of Essar Steel India Ltd. commenced on 02.08.2017.
A Resolution Plan was submitted by Arcelor Mittal India Pvt. Ltd. and approved by NCLT Ahmedabad on 08.03.2019.
The Committee of Creditors (CoC) of Essar Steel challenged the approval, but the Supreme Court upheld the Resolution Plan on 15.11.2019.
Essar Steel was acquired by Arcelor Mittal Nippon Steel India Ltd. after the Supreme Court's judgment.
SREI Infrastructure Finance Ltd. filed IA No.245 of 2020 before NCLT Ahmedabad, which was allowed on 10.11.2020, directing Arcelor Mittal Nippon to pay right to use charges as CIRP cost.
CIRP of Odisha Slurry Pipeline Infrastructure Ltd. (OSPIL) was initiated based on an application by IDBI Bank under Section 7 of the IBC.
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
Adjudicating Authority, NCLT Ahmedabad vide…
The case involves multiple Interlocutory Applications (IAs) filed in Company Appeal (AT) (Insolvency) No. 1038 of 2020 and No. 1043 of 2020. These appeals challenge an order dated 10.11.2020 passed by the National Company Law Tribunal (NCLT), Ahmedabad, regarding the Corporate Insolvency Resolution Process (CIRP) of Essar Steel India Ltd. and Odisha Slurry Pipeline Infrastructure Ltd. (OSPIL). The IAs primarily seek impleadment or intervention in the appeals.
Corporate Insolvency Resolution Process (CIRP) of Essar Steel India Ltd. commenced on 02.08.2017.
A Resolution Plan was submitted by Arcelor Mittal India Pvt. Ltd. and approved by NCLT Ahmedabad on 08.03.2019.
The Committee of Creditors (CoC) of Essar Steel challenged the approval, but the Supreme Court upheld the Resolution Plan on 15.11.2019.
Essar Steel was acquired by Arcelor Mittal Nippon Steel India Ltd. after the Supreme Court's judgment.
SREI Infrastructure Finance Ltd. filed IA No.245 of 2020 before NCLT Ahmedabad, which was allowed on 10.11.2020, directing Arcelor Mittal Nippon to pay right to use charges as CIRP cost.
CIRP of Odisha Slurry Pipeline Infrastructure Ltd. (OSPIL) was initiated based on an application by IDBI Bank under Section 7 of the IBC.
…Corporate Insolvency Resolution Process…
Adjudicating Authority, NCLT Ahmedabad vide…