The case involves CA Nos. 363/2018 & 521/2018 in CP (IB) No.104/Chd/Hry/2017 before the National Company Law Tribunal (NCLT), Chandigarh Bench. CA No.363 of 2018 was filed seeking approval of a resolution plan submitted by Shri Sanjay Satrodia and Shri Anoop Singh. CA No.521/2018 was filed by the Resolution Professional (RP) under Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking sanction of the resolution plan approved by the Committee of Creditors (CoC). The insolvency petition was filed by Punjab National Bank under Section 7 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against M/s Dinesh Polytubes Pvt. Ltd. The CIRP was initiated after the application was admitted on 11.12.2017. The applicant was appointed as Interim
…Punjab National Bank initiated Corporate Insolvency Resolution Process (CIRP) against Dinesh Polytubes Pvt. Ltd. The CIRP was admitted on 11.12.2017. An Interim Resolution Professional (IRP) was appointed on 20.12.2017 and made a public announcement. Punjab National Bank, the financial creditor, submitted a claim with 100% voting share. The IRP constituted the Committee of Creditors (CoC). The CoC resolved to continue with the IRP and appointed him as RP. The RP invited resolution plans. Amit Singhal initially intended to submit a plan with Sanjay Satrodia and Anoop Singh, but later Sanjay Satrodia and Anoop Singh submitted the plan. CA No.214 of 2018 was filed for extension of the CIRP period. The resolution applicants submitted affidavits regarding their eligibility
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Corporate Insolvency Resolution Process (CIRP)…
Interim Reso…
The case involves CA Nos. 363/2018 & 521/2018 in CP (IB) No.104/Chd/Hry/2017 before the National Company Law Tribunal (NCLT), Chandigarh Bench. CA No.363 of 2018 was filed seeking approval of a resolution plan submitted by Shri Sanjay Satrodia and Shri Anoop Singh. CA No.521/2018 was filed by the Resolution Professional (RP) under Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking sanction of the resolution plan approved by the Committee of Creditors (CoC). The insolvency petition was filed by Punjab National Bank under Section 7 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against M/s Dinesh Polytubes Pvt. Ltd. The CIRP was initiated after the application was admitted on 11.12.2017. The applicant was appointed as Interim
…Punjab National Bank initiated Corporate Insolvency Resolution Process (CIRP) against Dinesh Polytubes Pvt. Ltd. The CIRP was admitted on 11.12.2017. An Interim Resolution Professional (IRP) was appointed on 20.12.2017 and made a public announcement. Punjab National Bank, the financial creditor, submitted a claim with 100% voting share. The IRP constituted the Committee of Creditors (CoC). The CoC resolved to continue with the IRP and appointed him as RP. The RP invited resolution plans. Amit Singhal initially intended to submit a plan with Sanjay Satrodia and Anoop Singh, but later Sanjay Satrodia and Anoop Singh submitted the plan. CA No.214 of 2018 was filed for extension of the CIRP period. The resolution applicants submitted affidavits regarding their eligibility
…Corporate Insolvency Resolution Process (CIRP)…
Interim Reso…