The case pertains to an application filed under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Regulations 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) and Rule 11 of the NCLT Rules, 2016. The Resolution Professional sought directions to approve the resolution plan for Aster Building Solutions Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Harindera Cargo Carriers Pvt. Ltd. against Aster Building Solutions Private Limited on 23.03.2018. The CIRP commenced on 10.07.2018. The applicant was appointed as Interim Resolution Professional and later confirmed as Resolution
…Harindera Cargo Carriers Pvt Ltd filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Aster Building Solutions Private Limited. The petition was admitted on 23.03.2018, initiating the Corporate Insolvency Resolution Process (CIRP) against Aster Building Solutions Private Limited, commencing on 10.07.2018. Mrs. Padmasri Appana was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The CIRP period of 270 days ended on 05.04.2019. The Committee of Creditors (CoC) was formed, consisting of IDBI Bank Ltd and Axis Bank Limited. The Resolution Professional invited Expressions of Interest, receiving three resolution plans from Pennar Engineered Building Systems Limited, YAP Trading Private
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The Tribunal admitted the petition filed under…
Corporate Insolvency Resolution Process…
The case pertains to an application filed under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Regulations 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) and Rule 11 of the NCLT Rules, 2016. The Resolution Professional sought directions to approve the resolution plan for Aster Building Solutions Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Harindera Cargo Carriers Pvt. Ltd. against Aster Building Solutions Private Limited on 23.03.2018. The CIRP commenced on 10.07.2018. The applicant was appointed as Interim Resolution Professional and later confirmed as Resolution
…Harindera Cargo Carriers Pvt Ltd filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Aster Building Solutions Private Limited. The petition was admitted on 23.03.2018, initiating the Corporate Insolvency Resolution Process (CIRP) against Aster Building Solutions Private Limited, commencing on 10.07.2018. Mrs. Padmasri Appana was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The CIRP period of 270 days ended on 05.04.2019. The Committee of Creditors (CoC) was formed, consisting of IDBI Bank Ltd and Axis Bank Limited. The Resolution Professional invited Expressions of Interest, receiving three resolution plans from Pennar Engineered Building Systems Limited, YAP Trading Private
…The Tribunal admitted the petition filed under…
Corporate Insolvency Resolution Process…