The case involves an application filed by the Resolution Professional (RP) under Section 12(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period beyond 180 days for Dynamic Shells (India) Private Limited. The Committee of Creditors (CoC) discussed difficulties encountered during the CIRP in its 4th meeting on March 20, 2019. The CoC considered extending the CIRP period to allow the RP to complete various activities, including examining Expressions of Interest (EOIs) received, issuing a provisional list of Prospective Resolution Applicants (PRAs), and issuing a Request for Resolution Plan (RFRP) document. The CoC also explored debt resolution possibilities and advised the Chairman to file
…Punjab National Bank initiated the Corporate Insolvency Resolution Process (CIRP) against Dynamic Shells (India) Private Limited. The initial 180-day CIRP period was set to expire on March 26, 2019. The Resolution Professional (RP) filed an application under Section 12(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking an extension of the CIRP period. The Committee of Creditors (CoC) held its 4th meeting on March 20, 2019, to discuss the progress of the CIRP and the need for an extension. The CoC considered the difficulties encountered during the CIRP, including the examination of Expressions of Interest (EOIs) received and the issuance of a Request for Resolution Plan (RFRP) document. The CoC also explored debt resolution possibilities. The CoC resolved to
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The Committee of Creditors (CoC) held its 4th…
The initial 180-day Corporate Insolvency…
The case involves an application filed by the Resolution Professional (RP) under Section 12(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period beyond 180 days for Dynamic Shells (India) Private Limited. The Committee of Creditors (CoC) discussed difficulties encountered during the CIRP in its 4th meeting on March 20, 2019. The CoC considered extending the CIRP period to allow the RP to complete various activities, including examining Expressions of Interest (EOIs) received, issuing a provisional list of Prospective Resolution Applicants (PRAs), and issuing a Request for Resolution Plan (RFRP) document. The CoC also explored debt resolution possibilities and advised the Chairman to file
…Punjab National Bank initiated the Corporate Insolvency Resolution Process (CIRP) against Dynamic Shells (India) Private Limited. The initial 180-day CIRP period was set to expire on March 26, 2019. The Resolution Professional (RP) filed an application under Section 12(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking an extension of the CIRP period. The Committee of Creditors (CoC) held its 4th meeting on March 20, 2019, to discuss the progress of the CIRP and the need for an extension. The CoC considered the difficulties encountered during the CIRP, including the examination of Expressions of Interest (EOIs) received and the issuance of a Request for Resolution Plan (RFRP) document. The CoC also explored debt resolution possibilities. The CoC resolved to
…The Committee of Creditors (CoC) held its 4th…
The initial 180-day Corporate Insolvency…