The case pertains to an application (CA 679/2019) filed by the Resolution Professional for approval of the Resolution Plan, which was considered and accepted by the Committee of Creditors (COC) in its meeting on February 21, 2019. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, Mehta Tubes Limited, due to non-payment of outstanding dues. The CIR process was admitted on December 4, 2018. The Interim Resolution Professional, Mr. Mukesh Kumar Grover, issued public notices and collated claims. He was later confirmed as the Resolution Professional. Status reports were filed, and a resolution plan approved by the COC was submitted for final consideration.
Mehta Tubes Limited faced Corporate Insolvency Resolution Process (CIRP) due to non-payment of outstanding dues. The CIRP was initiated following an application by Mehta Tubes Limited, the operational creditor. The application CA 679/2019 was filed by the Resolution Professional for approval of the Resolution Plan. The Committee of Creditors (COC) approved the plan in its meeting dated February 21, 2019. The CIR process was admitted on December 4, 2018. Mr. Mukesh Kumar Grover was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. There are three principal financial claimants with total admitted claims of Rs. 4,48,54,748/-. Employee claims were quantified at Rs. 54,45,880/-, and statutory dues are Rs. 28,79,754/-. The
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The Corporate Insolvency Resolution Process…
The Resolution Plan was considered and…
The case pertains to an application (CA 679/2019) filed by the Resolution Professional for approval of the Resolution Plan, which was considered and accepted by the Committee of Creditors (COC) in its meeting on February 21, 2019. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, Mehta Tubes Limited, due to non-payment of outstanding dues. The CIR process was admitted on December 4, 2018. The Interim Resolution Professional, Mr. Mukesh Kumar Grover, issued public notices and collated claims. He was later confirmed as the Resolution Professional. Status reports were filed, and a resolution plan approved by the COC was submitted for final consideration.
Mehta Tubes Limited faced Corporate Insolvency Resolution Process (CIRP) due to non-payment of outstanding dues. The CIRP was initiated following an application by Mehta Tubes Limited, the operational creditor. The application CA 679/2019 was filed by the Resolution Professional for approval of the Resolution Plan. The Committee of Creditors (COC) approved the plan in its meeting dated February 21, 2019. The CIR process was admitted on December 4, 2018. Mr. Mukesh Kumar Grover was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. There are three principal financial claimants with total admitted claims of Rs. 4,48,54,748/-. Employee claims were quantified at Rs. 54,45,880/-, and statutory dues are Rs. 28,79,754/-. The
…The Corporate Insolvency Resolution Process…
The Resolution Plan was considered and…