The present application was filed by Mr. Kurapati Singarayya Chowdary, the Resolution Professional (RP) for M/s. Circar Jute Mills Private Limited (Corporate Debtor), seeking approval of a Resolution Plan. This plan was submitted by M/s. Bindawala Banijya Limited (Successful Resolution Applicant or SRA) and had received 100% approval from the Committee of Creditors (CoC). The application was filed under Section 30(6) and Section 31(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Person) Regulations, 2016.
…The Corporate Insolvency Resolution Process (CIRP) for M/s. Circar Jute Mills Private Limited commenced on April 4, 2022, following a petition filed by a Financial Creditor. Mr. Ajay Kumar Jain was initially appointed as the Interim Resolution Professional (IRP). A public announcement in Form-A was issued, and the Committee of Creditors (CoC) was constituted as per section 21 of the Code. The first CoC meeting was held on May 4, 2022.
…The Tribunal admitted the petition filed by the…
The first meeting of the Committee of…
The present application was filed by Mr. Kurapati Singarayya Chowdary, the Resolution Professional (RP) for M/s. Circar Jute Mills Private Limited (Corporate Debtor), seeking approval of a Resolution Plan. This plan was submitted by M/s. Bindawala Banijya Limited (Successful Resolution Applicant or SRA) and had received 100% approval from the Committee of Creditors (CoC). The application was filed under Section 30(6) and Section 31(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Person) Regulations, 2016.
…The Corporate Insolvency Resolution Process (CIRP) for M/s. Circar Jute Mills Private Limited commenced on April 4, 2022, following a petition filed by a Financial Creditor. Mr. Ajay Kumar Jain was initially appointed as the Interim Resolution Professional (IRP). A public announcement in Form-A was issued, and the Committee of Creditors (CoC) was constituted as per section 21 of the Code. The first CoC meeting was held on May 4, 2022.
…The Tribunal admitted the petition filed by the…
The first meeting of the Committee of…