Asset Reconstruction Company (India) Limited, a financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Corporate Power Limited. The Adjudicating Authority admitted the petition on 2020-02-19, initiating the Corporate Insolvency Resolution Process (CIRP) and appointing Pankaj Dhanuka as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. A Committee of Creditors (CoC) was duly constituted with eight financial creditors. The first CoC meeting was held on 2020-03-20, confirming the appointment of the IRP as the RP. The publication for invitation of EoIs in Form G was done on 2020-06-27. The RP received seven EOIs and issued a list of prospective Resolution Applicants.

Asset Reconstruction Company (India) Limited, a financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Corporate Power Limited. The Adjudicating Authority admitted the petition on 2020-02-19, initiating the Corporate Insolvency Resolution Process (CIRP) and appointing Pankaj Dhanuka as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. A Committee of Creditors (CoC) was duly constituted with eight financial creditors. The first CoC meeting was held on 2020-03-20, confirming the appointment of the IRP as the RP. The publication for invitation of EoIs in Form G was done on 2020-06-27. The RP received seven EOIs and issued a list of prospective Resolution Applicants.