The case pertains to an MA filed by the Resolution Professional (RP) for the approval of a Resolution Plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI regulations. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. AML Steel and Power Limited. The Tribunal admitted the application initiating CIRP on 12.03.2018 and appointed Mr. Santanu T. Ray as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss and finalize the resolution plan. Due to non-cooperation of Promoters and District authorities, the last date for submission of Expression of Interest (EOI) was extended. Several resolution plans were
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. AML Steel and Power Limited. The Tribunal admitted the application initiating CIRP on 2018-03-12 and appointed Mr. Santanu T. Ray as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, and in its first meeting held on 2018-04-19, resolved to recommend the appointment of the Applicant herein as the Resolution Professional. The Tribunal vide its order dated 2018-12-11 excluded the unutilized CIRP period of 90 days from the total period of Corporate Insolvency Resolution Process with effect from 2018-12-07. The last date of submission of Expression of Interest (EOI) was extended, and the last date of acceptance of resolution was fixed on 2018-12-31. Four
…Sign in to view the parties.
The Tribunal admitted the application…
The Committee of Creditors (CoC) constituted…
The case pertains to an MA filed by the Resolution Professional (RP) for the approval of a Resolution Plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI regulations. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. AML Steel and Power Limited. The Tribunal admitted the application initiating CIRP on 12.03.2018 and appointed Mr. Santanu T. Ray as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss and finalize the resolution plan. Due to non-cooperation of Promoters and District authorities, the last date for submission of Expression of Interest (EOI) was extended. Several resolution plans were
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. AML Steel and Power Limited. The Tribunal admitted the application initiating CIRP on 2018-03-12 and appointed Mr. Santanu T. Ray as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, and in its first meeting held on 2018-04-19, resolved to recommend the appointment of the Applicant herein as the Resolution Professional. The Tribunal vide its order dated 2018-12-11 excluded the unutilized CIRP period of 90 days from the total period of Corporate Insolvency Resolution Process with effect from 2018-12-07. The last date of submission of Expression of Interest (EOI) was extended, and the last date of acceptance of resolution was fixed on 2018-12-31. Four
…The Tribunal admitted the application…
The Committee of Creditors (CoC) constituted…