The case involves a Corporate Insolvency Resolution Process (CIRP) initiated by Tractebel Engineering (P) Limited, the Operational Creditor, against Cargo Solar Power (Gujarat) (P) Ltd, the Corporate Debtor. The CIRP was initiated on 2018-07-13. Mr. Vimal Kumar Sharma was appointed as the Interim Resolution Professional (IRP). A public notice was issued, and claims were received, including from Corporation Bank. The Committee of Creditors (COC) was constituted on 2018-08-09, with Corporation Bank present. The IRP filed an application (CA No. 193/C-III/ND/2018) reporting that the Operational Creditor and Corporate Debtor had entered into a settlement agreement.
Tractebel Engineering (P) Limited, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Cargo Solar Power (Gujarat) (P) Ltd, the Corporate Debtor, on 2018-07-13. Vimal Kumar Sharma was appointed as the Interim Resolution Professional (IRP). A public notice was issued on 2018-07-24, leading to claims from Corporation Bank and the Operational Creditor. The Committee of Creditors (COC) was formed on 2018-08-09, with Corporation Bank participating. The IRP reported a settlement agreement between the Operational Creditor and the Corporate Debtor in CA No. 193/C-III/ND/2018. The settlement approval exceeded 90%. The Corporate Debtor had also filed an application (diary No.5269 dated 2018-08-02) to stop the CIRP process, and another
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Corporate Insolvency…
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The case involves a Corporate Insolvency Resolution Process (CIRP) initiated by Tractebel Engineering (P) Limited, the Operational Creditor, against Cargo Solar Power (Gujarat) (P) Ltd, the Corporate Debtor. The CIRP was initiated on 2018-07-13. Mr. Vimal Kumar Sharma was appointed as the Interim Resolution Professional (IRP). A public notice was issued, and claims were received, including from Corporation Bank. The Committee of Creditors (COC) was constituted on 2018-08-09, with Corporation Bank present. The IRP filed an application (CA No. 193/C-III/ND/2018) reporting that the Operational Creditor and Corporate Debtor had entered into a settlement agreement.
Tractebel Engineering (P) Limited, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Cargo Solar Power (Gujarat) (P) Ltd, the Corporate Debtor, on 2018-07-13. Vimal Kumar Sharma was appointed as the Interim Resolution Professional (IRP). A public notice was issued on 2018-07-24, leading to claims from Corporation Bank and the Operational Creditor. The Committee of Creditors (COC) was formed on 2018-08-09, with Corporation Bank participating. The IRP reported a settlement agreement between the Operational Creditor and the Corporate Debtor in CA No. 193/C-III/ND/2018. The settlement approval exceeded 90%. The Corporate Debtor had also filed an application (diary No.5269 dated 2018-08-02) to stop the CIRP process, and another
…Corporate Insolvency…
Public Noti…
Sign in to view related legal provisions.