The Corporate Debtor, Shrinathji Spintex Private Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 08.05.2025. Mr. Atul Mittal was appointed as Interim Resolution Professional (IRP) and subsequently as Resolution Professional (RP). Public announcements were made, and the Committee of Creditors (CoC) was constituted. Despite issuing Form G twice to invite Expressions of Interest (EoI) and providing necessary documents to Prospective Resolution Applicants (PRAs), no resolution plans were received by the extended deadlines. The CoC, in its 9th meeting, rejected a proposal for a third Form G and unanimously resolved to initiate liquidation proceedings against the Corporate Debtor.
The Corporate Debtor, Shrinathji Spintex Private Limited, was admitted into CIRP vide order dated 08.05.2025 by the NCLT in CP (IB) No. 574 of 2018 under Section 7 of IBC.
Mr. Atul Mittal was appointed as IRP and subsequently as RP.
Public announcement in Form A was made on 10.05.2025 for inviting claims from creditors.
The Committee of Creditors (CoC) was constituted as per Regulation 16 of the IBBI (Insolvency Resolution Process for Corporate Persons), 2016.
Form G was issued on 17.07.2025 and 02.09.2025 with CoC approval, inviting Expression of Interest (EoI) from prospective resolution applicants.
The last date for submission of EoI was 11.08.2025.
Four Prospective Resolution Applicants (PRAs) submitted their EoIs.
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Corporate Debtor admitted into CIRP by NCLT in…
IRP made public…
The Corporate Debtor, Shrinathji Spintex Private Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 08.05.2025. Mr. Atul Mittal was appointed as Interim Resolution Professional (IRP) and subsequently as Resolution Professional (RP). Public announcements were made, and the Committee of Creditors (CoC) was constituted. Despite issuing Form G twice to invite Expressions of Interest (EoI) and providing necessary documents to Prospective Resolution Applicants (PRAs), no resolution plans were received by the extended deadlines. The CoC, in its 9th meeting, rejected a proposal for a third Form G and unanimously resolved to initiate liquidation proceedings against the Corporate Debtor.
The Corporate Debtor, Shrinathji Spintex Private Limited, was admitted into CIRP vide order dated 08.05.2025 by the NCLT in CP (IB) No. 574 of 2018 under Section 7 of IBC.
Mr. Atul Mittal was appointed as IRP and subsequently as RP.
Public announcement in Form A was made on 10.05.2025 for inviting claims from creditors.
The Committee of Creditors (CoC) was constituted as per Regulation 16 of the IBBI (Insolvency Resolution Process for Corporate Persons), 2016.
Form G was issued on 17.07.2025 and 02.09.2025 with CoC approval, inviting Expression of Interest (EoI) from prospective resolution applicants.
The last date for submission of EoI was 11.08.2025.
Four Prospective Resolution Applicants (PRAs) submitted their EoIs.
…Corporate Debtor admitted into CIRP by NCLT in…
IRP made public…