An application (IA(Plan)/9(AHM)/2026) was filed by Mr. Jigar Tarunkumar Bhatt, Resolution Professional (RP) of Raninga Paper Mills Pvt. Ltd (Corporate Debtor), seeking approval of a Resolution Plan dated 07.04.2026 submitted by Mr. Chandresh Lalitbhai Soni (Successful Resolution Applicant - SRA). The plan was approved by the sole member of the Committee of Creditors (CoC), State Bank of India, with 100% voting share. M/s. Deep Chemical, an admitted Operational Creditor and unsuccessful Resolution Applicant, filed objections alleging statutory non-compliance, ineligibility of the SRA, material procedural irregularity in the CIRP, issues with transaction audit, valuation, and the induction of a funding partner.
An application IA(Plan)/9(AHM)/2026 was filed on 23.05.2026 by Mr. Jigar Tarunkumar Bhatt, RP of Raninga Paper Mills Pvt. Ltd, seeking approval of a Resolution Plan.
The Resolution Plan dated 07.04.2026 was submitted by Mr. Chandresh Lalitbhai Soni, the Successful Resolution Applicant (SRA).
The Resolution Plan was approved by the sole member of the Committee of Creditors (CoC), State Bank of India, with 100% voting share, on 21.05.2026.
Raninga Paper Mills Pvt. Ltd (Corporate Debtor) is an MSME.
The Corporate Insolvency Resolution Process (CIRP) commenced on 29.07.2025 upon admission of an application filed by State Bank of India.
M/s. Deep Chemical, an admitted Operational Creditor and unsuccessful Resolution Applicant, filed objections to the Resolution Plan.
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This Adjudicating Authority admitted the…
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An application (IA(Plan)/9(AHM)/2026) was filed by Mr. Jigar Tarunkumar Bhatt, Resolution Professional (RP) of Raninga Paper Mills Pvt. Ltd (Corporate Debtor), seeking approval of a Resolution Plan dated 07.04.2026 submitted by Mr. Chandresh Lalitbhai Soni (Successful Resolution Applicant - SRA). The plan was approved by the sole member of the Committee of Creditors (CoC), State Bank of India, with 100% voting share. M/s. Deep Chemical, an admitted Operational Creditor and unsuccessful Resolution Applicant, filed objections alleging statutory non-compliance, ineligibility of the SRA, material procedural irregularity in the CIRP, issues with transaction audit, valuation, and the induction of a funding partner.
An application IA(Plan)/9(AHM)/2026 was filed on 23.05.2026 by Mr. Jigar Tarunkumar Bhatt, RP of Raninga Paper Mills Pvt. Ltd, seeking approval of a Resolution Plan.
The Resolution Plan dated 07.04.2026 was submitted by Mr. Chandresh Lalitbhai Soni, the Successful Resolution Applicant (SRA).
The Resolution Plan was approved by the sole member of the Committee of Creditors (CoC), State Bank of India, with 100% voting share, on 21.05.2026.
Raninga Paper Mills Pvt. Ltd (Corporate Debtor) is an MSME.
The Corporate Insolvency Resolution Process (CIRP) commenced on 29.07.2025 upon admission of an application filed by State Bank of India.
M/s. Deep Chemical, an admitted Operational Creditor and unsuccessful Resolution Applicant, filed objections to the Resolution Plan.
…This Adjudicating Authority admitted the…
Public announcement in Form A was made in…