The case pertains to Miscellaneous Application (MA) No. 3636/2019 filed by Vishal Ghisulal Jain, the Applicant Resolution Professional, under section 30(6) of the Insolvency and Bankruptcy Code, 2016 (I&B Code) in C.P. (IB) 410/MB/2018. The Corporate Insolvency Resolution Process (CIRP) was initiated against Govind Rubber Limited following an order by the Tribunal on 2019-01-18 under Section 9 of the I&B Code.
Vishal Ghisulal Jain, the Resolution Professional, filed MA No. 3636/2019 under Section 30(6) of the I&B Code, seeking approval of the resolution plan for Govind Rubber Limited. The CIRP was initiated on 2019-01-18. The Resolution Professional invited EoIs and received two resolution plans, one from Kohinoor India Private Limited and another from the Resolution Applicant. Kohinoor India Private Limited failed to provide the Bank Guarantee/EMD and withdrew from the process. The Resolution Applicant had remitted ₹1,00,00,000/- to the company's account. The CoC approved the resolution plan with 85.29% voting share. The Resolution Professional submitted Form H certifying compliance with the I&B Code and CIRP Regulations. The resolution plan includes provisions for
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C.P. (IB) 410/…
Tribunal order initiating Corporate Insolvency…
The case pertains to Miscellaneous Application (MA) No. 3636/2019 filed by Vishal Ghisulal Jain, the Applicant Resolution Professional, under section 30(6) of the Insolvency and Bankruptcy Code, 2016 (I&B Code) in C.P. (IB) 410/MB/2018. The Corporate Insolvency Resolution Process (CIRP) was initiated against Govind Rubber Limited following an order by the Tribunal on 2019-01-18 under Section 9 of the I&B Code.
Vishal Ghisulal Jain, the Resolution Professional, filed MA No. 3636/2019 under Section 30(6) of the I&B Code, seeking approval of the resolution plan for Govind Rubber Limited. The CIRP was initiated on 2019-01-18. The Resolution Professional invited EoIs and received two resolution plans, one from Kohinoor India Private Limited and another from the Resolution Applicant. Kohinoor India Private Limited failed to provide the Bank Guarantee/EMD and withdrew from the process. The Resolution Applicant had remitted ₹1,00,00,000/- to the company's account. The CoC approved the resolution plan with 85.29% voting share. The Resolution Professional submitted Form H certifying compliance with the I&B Code and CIRP Regulations. The resolution plan includes provisions for
…C.P. (IB) 410/…
Tribunal order initiating Corporate Insolvency…