An application was filed under Section 30 r/w Section 31 of the Insolvency and Bankruptcy Code, 2016 r.w. Regulation 39(4) of the IBBI (IRCP) Regulations, 2016 for approval of a resolution plan submitted by Sonal Sumit Mehta jointly with M/s Shivay Enterprise for the Corporate debtor-M/s Molina Chemicals Private Limited.
The financial creditor, Skylead Chemicals Limited, filed an insolvency application under Section 7 of the Code for initiation of CIRP against the Corporate Debtor, Molina Chemicals Private Limited, which was admitted vide order dated 02.08.2024.
The applicant was appointed as IRP, and a public announcement inviting claims from creditors was made on 04.08.2024, with the last date for submission of claims being 16.08.2024.
The IRP constituted the final Committee of Creditors (CoC) on 24.08.2024, comprising of sole Unsecured Financial Creditor, Skylead Chemicals Limited.
The 1st CoC meeting was held on 31.08.2024, where the IRP was confirmed as RP by the CoC.
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The financial creditor's…
Public announcement…
An application was filed under Section 30 r/w Section 31 of the Insolvency and Bankruptcy Code, 2016 r.w. Regulation 39(4) of the IBBI (IRCP) Regulations, 2016 for approval of a resolution plan submitted by Sonal Sumit Mehta jointly with M/s Shivay Enterprise for the Corporate debtor-M/s Molina Chemicals Private Limited.
The financial creditor, Skylead Chemicals Limited, filed an insolvency application under Section 7 of the Code for initiation of CIRP against the Corporate Debtor, Molina Chemicals Private Limited, which was admitted vide order dated 02.08.2024.
The applicant was appointed as IRP, and a public announcement inviting claims from creditors was made on 04.08.2024, with the last date for submission of claims being 16.08.2024.
The IRP constituted the final Committee of Creditors (CoC) on 24.08.2024, comprising of sole Unsecured Financial Creditor, Skylead Chemicals Limited.
The 1st CoC meeting was held on 31.08.2024, where the IRP was confirmed as RP by the CoC.
…The financial creditor's…
Public announcement…