The case involves multiple applications (CA No. 293/2018, IA Nos. 7/2020, 62/2020, 222/2020, 225/2020 & 237/2020) filed in CP(IB) No. 42/Chd/Hry/2017 concerning the Corporate Insolvency Resolution Process (CIRP) of Amtek Auto Limited. The CIRP was initiated by Corporation Bank (now Union Bank of India) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted CP(IB) No.42 of 2017 on 24.07.2017, initiating CIRP against Amtek Auto Limited. Dinkar T. Venkatsubramanian was appointed as the Interim Resolution Professional and later as the Resolution Professional. The Committee of Creditors (CoC) was constituted on 17.08.2017. The resolution plan of Liberty Housing Group (LHG) was initially approved but later deemed incapable of
…Corporation Bank initiated CIRP against Amtek Auto Limited due to unpaid debts. Dinkar T. Venkatsubramanian was appointed as the Resolution Professional. The Committee of Creditors (CoC) was formed. Liberty Housing Group's (LHG) resolution plan was initially approved but failed. The Supreme Court directed fresh offers. Deccan Value Investors (DVI) submitted a resolution plan, approved by the CoC with 70.07% votes. Various IAs were filed, including by Kind Special Steels (India) Private Limited, M/s Neha Associates, Vistra ITCL (India) Limited, and Corporation Bank, seeking various reliefs related to claim admissibility, CoC inclusion, and plan modification. Vistra ITCL claimed secured creditor status based on a security trustee agreement. Gateway Impex Private Limited
…Sign in to view the parties.
Adjudicating Authority admitted CP(IB) No.42 of…
Dinkar T. Venkatsubraman…
The case involves multiple applications (CA No. 293/2018, IA Nos. 7/2020, 62/2020, 222/2020, 225/2020 & 237/2020) filed in CP(IB) No. 42/Chd/Hry/2017 concerning the Corporate Insolvency Resolution Process (CIRP) of Amtek Auto Limited. The CIRP was initiated by Corporation Bank (now Union Bank of India) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted CP(IB) No.42 of 2017 on 24.07.2017, initiating CIRP against Amtek Auto Limited. Dinkar T. Venkatsubramanian was appointed as the Interim Resolution Professional and later as the Resolution Professional. The Committee of Creditors (CoC) was constituted on 17.08.2017. The resolution plan of Liberty Housing Group (LHG) was initially approved but later deemed incapable of
…Corporation Bank initiated CIRP against Amtek Auto Limited due to unpaid debts. Dinkar T. Venkatsubramanian was appointed as the Resolution Professional. The Committee of Creditors (CoC) was formed. Liberty Housing Group's (LHG) resolution plan was initially approved but failed. The Supreme Court directed fresh offers. Deccan Value Investors (DVI) submitted a resolution plan, approved by the CoC with 70.07% votes. Various IAs were filed, including by Kind Special Steels (India) Private Limited, M/s Neha Associates, Vistra ITCL (India) Limited, and Corporation Bank, seeking various reliefs related to claim admissibility, CoC inclusion, and plan modification. Vistra ITCL claimed secured creditor status based on a security trustee agreement. Gateway Impex Private Limited
…Adjudicating Authority admitted CP(IB) No.42 of…
Dinkar T. Venkatsubraman…