The case involves an application filed by Srei Equipment Finance Ltd., the Financial Creditor, under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Concast Infratech Limited, the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor defaulted in paying its debt of Rs. 8,30,72,573/-. The application was admitted, and CIRP was initiated. Mr. Hanuman Mal Choraria was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Srei Equipment Finance Ltd. filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Concast Infratech Limited due to a default of Rs. 8,30,72,573/-. The application was admitted on 2018-06-12, initiating the Corporate Insolvency Resolution Process (CIRP). Hanuman Mal Choraria was appointed as the IRP and later confirmed as the RP. The RP made a public announcement of the CIRP. The Committee of Creditors (CoC) was formed. The Corporate Debtor was uncooperative during the CIRP. The RP filed an application under section 19(2) of the I&B code. The CoC decided against issuing a public notice for an Expression of Interest (Eol) or a Resolution Plan. The Corporate Debtor's financial liabilities were Rs. 780 crores, while its net worth
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The authority admitted the application under…
The IRP made a public announcement of CIRP of…
The case involves an application filed by Srei Equipment Finance Ltd., the Financial Creditor, under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Concast Infratech Limited, the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor defaulted in paying its debt of Rs. 8,30,72,573/-. The application was admitted, and CIRP was initiated. Mr. Hanuman Mal Choraria was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Srei Equipment Finance Ltd. filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Concast Infratech Limited due to a default of Rs. 8,30,72,573/-. The application was admitted on 2018-06-12, initiating the Corporate Insolvency Resolution Process (CIRP). Hanuman Mal Choraria was appointed as the IRP and later confirmed as the RP. The RP made a public announcement of the CIRP. The Committee of Creditors (CoC) was formed. The Corporate Debtor was uncooperative during the CIRP. The RP filed an application under section 19(2) of the I&B code. The CoC decided against issuing a public notice for an Expression of Interest (Eol) or a Resolution Plan. The Corporate Debtor's financial liabilities were Rs. 780 crores, while its net worth
…The authority admitted the application under…
The IRP made a public announcement of CIRP of…