The CIRP was initiated against GPI Textiles Limited on 06.07.2018. The CoC comprised Phoenix Arc Private Limited and State Bank of India. Several IAs were filed, linked to the resolution plan, by financial creditors, operational creditors, and others. The Resolution plan submitted before the Adjudicating Authority for approval has been rejected and the matter is referred back to the Committee of Creditors (CoC).
The CIRP was initiated against GPI Textiles Limited on 06.07.2018.
The CoC comprised Phoenix Arc Private Limited and State Bank of India.
M/s Aggarsain Spinners Limited was approved as the Successful Resolution Applicant by the CoC on 27.03.2019.
A dispute exists regarding an amount of Rs.81.67 Crores, claimed to be an asset of the corporate debtor held by HSBC.
The Resolution Professional received a claim from Phoenix ARC Pvt. Ltd. for Rs.286,48,31,235/-.
The applicant has filed its claim vide e-mail dated 20.11.2019 i.e. with a delay of 502 days from the initiation of CIRP.
…Sign in to view the parties.
Corporate Insolvency…
Committee of Creditors (CoC) approved M/s…
The CIRP was initiated against GPI Textiles Limited on 06.07.2018. The CoC comprised Phoenix Arc Private Limited and State Bank of India. Several IAs were filed, linked to the resolution plan, by financial creditors, operational creditors, and others. The Resolution plan submitted before the Adjudicating Authority for approval has been rejected and the matter is referred back to the Committee of Creditors (CoC).
The CIRP was initiated against GPI Textiles Limited on 06.07.2018.
The CoC comprised Phoenix Arc Private Limited and State Bank of India.
M/s Aggarsain Spinners Limited was approved as the Successful Resolution Applicant by the CoC on 27.03.2019.
A dispute exists regarding an amount of Rs.81.67 Crores, claimed to be an asset of the corporate debtor held by HSBC.
The Resolution Professional received a claim from Phoenix ARC Pvt. Ltd. for Rs.286,48,31,235/-.
The applicant has filed its claim vide e-mail dated 20.11.2019 i.e. with a delay of 502 days from the initiation of CIRP.
…Corporate Insolvency…
Committee of Creditors (CoC) approved M/s…