The case involves an Interlocutory Application filed by the Applicant/Resolution Professional under Section 30(6) seeking approval of the Resolution Plan under Section 31(1) of the Insolvency & Bankruptcy Code, 2016, read with Regulation 39 of the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Person) Regulations, 2016, in respect of M/s Bheema Cements Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Bheema Cements Limited after the Company Petition was admitted on 09.07.2018. The Resolution Professional made a public announcement on 11th July 2018, inviting claims from creditors. The Committee of Creditors (CoC) was constituted after collating and verifying the claims.
M/s Bheema Cements Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) after the admission of a Company Petition on 09.07.2018. JM Financial Asset Reconstruction Company Limited is the Financial Creditor. The Resolution Professional (RP) made a public announcement on 11th July 2018, inviting claims from creditors. The RP constituted a Committee of Creditors (CoC). The CoC approved a Resolution Plan submitted by Consortium of Fortuna Engi Tech and Structurals (India) Private Limited and its two promoters and Murgud Vincom Private Limited with 99.53% voting share. The Resolution Plan includes provisions for payment to secured financial creditors, unsecured financial creditors, operational creditors, and workmen. The Resolution Plan also
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The Company Petition against Bheema Cements…
The Resolution Professional made a public…
The case involves an Interlocutory Application filed by the Applicant/Resolution Professional under Section 30(6) seeking approval of the Resolution Plan under Section 31(1) of the Insolvency & Bankruptcy Code, 2016, read with Regulation 39 of the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Person) Regulations, 2016, in respect of M/s Bheema Cements Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Bheema Cements Limited after the Company Petition was admitted on 09.07.2018. The Resolution Professional made a public announcement on 11th July 2018, inviting claims from creditors. The Committee of Creditors (CoC) was constituted after collating and verifying the claims.
M/s Bheema Cements Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) after the admission of a Company Petition on 09.07.2018. JM Financial Asset Reconstruction Company Limited is the Financial Creditor. The Resolution Professional (RP) made a public announcement on 11th July 2018, inviting claims from creditors. The RP constituted a Committee of Creditors (CoC). The CoC approved a Resolution Plan submitted by Consortium of Fortuna Engi Tech and Structurals (India) Private Limited and its two promoters and Murgud Vincom Private Limited with 99.53% voting share. The Resolution Plan includes provisions for payment to secured financial creditors, unsecured financial creditors, operational creditors, and workmen. The Resolution Plan also
…The Company Petition against Bheema Cements…
The Resolution Professional made a public…