The case involves the Corporate Insolvency Resolution Process (CIRP) of Benlon India Limited. The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) by an Operational Creditor, leading to the admission of Benlon India Limited into insolvency on 19.12.2018. Ritu Rastogi was appointed as the Interim Resolution Professional and later continued as the Resolution Professional (RP). The RP carried out public announcements, collated claims, and constituted a Committee of Creditors (CoC). The RP sought expressions of interest for resolution plans, extended deadlines for submissions, and engaged with potential resolution applicants. The CIRP period was extended multiple times. The Resolution Applicant, Surinder Kumar Chawla,
…Benlon India Limited was admitted into insolvency on 19.12.2018 following an application under Section 9 of the IBC. Ritu Rastogi was appointed as the Interim Resolution Professional and later continued as the Resolution Professional (RP). The RP carried out public announcements, collated claims, and constituted a Committee of Creditors (CoC). The RP sought expressions of interest for resolution plans, extended deadlines for submissions, and engaged with potential resolution applicants. The CIRP period was extended multiple times. Surinder Kumar Chawla was shortlisted as the Successful Resolution Applicant (SRA). The NCLAT directed the submission of the approved resolution plan in a sealed cover. The CoC meetings were held to discuss the resolution plan, and the SRA
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Benlon India Limited…
The Applicant carried…
The case involves the Corporate Insolvency Resolution Process (CIRP) of Benlon India Limited. The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) by an Operational Creditor, leading to the admission of Benlon India Limited into insolvency on 19.12.2018. Ritu Rastogi was appointed as the Interim Resolution Professional and later continued as the Resolution Professional (RP). The RP carried out public announcements, collated claims, and constituted a Committee of Creditors (CoC). The RP sought expressions of interest for resolution plans, extended deadlines for submissions, and engaged with potential resolution applicants. The CIRP period was extended multiple times. The Resolution Applicant, Surinder Kumar Chawla,
…Benlon India Limited was admitted into insolvency on 19.12.2018 following an application under Section 9 of the IBC. Ritu Rastogi was appointed as the Interim Resolution Professional and later continued as the Resolution Professional (RP). The RP carried out public announcements, collated claims, and constituted a Committee of Creditors (CoC). The RP sought expressions of interest for resolution plans, extended deadlines for submissions, and engaged with potential resolution applicants. The CIRP period was extended multiple times. Surinder Kumar Chawla was shortlisted as the Successful Resolution Applicant (SRA). The NCLAT directed the submission of the approved resolution plan in a sealed cover. The CoC meetings were held to discuss the resolution plan, and the SRA
…Benlon India Limited…
The Applicant carried…