The document pertains to multiple CA(IB) applications filed in relation to CP(IB) No. 361/KB/2017 involving State Bank of India and Electrosteel Steels Ltd. CA(IB) No. 336/KB/2018 was filed by workmen seeking relief due to potential infringement of employment rights. CA(IB) No. 345/KB/2018 was filed by a director of the corporate debtor seeking review of a disputed operational creditor's claim. The approval of the Resolution Plan is under consideration.
State Bank of India initiated Corporate Insolvency Resolution Process against Electrosteel Steels Ltd. Some workmen jointly filed CA(IB) No. 336/KB/2018 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking relief due to potential infringement of their employment rights. A director of Electrosteel Steels Ltd. filed CA(IB) No. 345/KB/2018 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking review of the claim of a disputed operational creditor and the decision taken by the Resolution Professional. The Resolution Plan approval is under consideration.
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Corporate Insolvency…
Hearing on…
The document pertains to multiple CA(IB) applications filed in relation to CP(IB) No. 361/KB/2017 involving State Bank of India and Electrosteel Steels Ltd. CA(IB) No. 336/KB/2018 was filed by workmen seeking relief due to potential infringement of employment rights. CA(IB) No. 345/KB/2018 was filed by a director of the corporate debtor seeking review of a disputed operational creditor's claim. The approval of the Resolution Plan is under consideration.
State Bank of India initiated Corporate Insolvency Resolution Process against Electrosteel Steels Ltd. Some workmen jointly filed CA(IB) No. 336/KB/2018 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking relief due to potential infringement of their employment rights. A director of Electrosteel Steels Ltd. filed CA(IB) No. 345/KB/2018 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking review of the claim of a disputed operational creditor and the decision taken by the Resolution Professional. The Resolution Plan approval is under consideration.
Corporate Insolvency…
Hearing on…