The application was filed by the Resolution Professional for approval of the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Section 31 of the Code and Regulation 39(4) of the IBBI Regulations. The Corporate Debtor was admitted into CIRP on 18.03.2020, following an application by the Operational Creditor under Section 9 of the IB Code. The IRP constituted a Committee of Creditors (COC) comprising one Financial Creditor and one Operational Creditor (Garden Silk Mills Limited). The COC approved the resolution plan with 100% voting rights in its meeting dated 27.01.2021.
The Resolution Professional filed an application for approval of the resolution plan for GSL Nova Petrochemicals Limited under Section 30(6) of the IBC. The Corporate Debtor was admitted into CIRP on 18.03.2020 based on an application by the Operational Creditor. The COC comprised one Financial Creditor and one Operational Creditor. The COC approved the resolution plan with 100% voting rights on 27.01.2021. The Resolution Plan provides for the settlement of claims of various stakeholders, with a total claim of Rs. 14.33 Crores and an amount proposed to be paid of Rs. 1,620,667/-. The Resolution Applicant proposed to infuse Rs. 100,00,000/- to maintain working capital. The Resolution Applicant sought various reliefs and concessions, including exemptions from taxes and
…Sign in to view the parties.
The Corporate Debtor was admitted into CIRP…
In the first meeting dated 27.06.2020 COC…
The application was filed by the Resolution Professional for approval of the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Section 31 of the Code and Regulation 39(4) of the IBBI Regulations. The Corporate Debtor was admitted into CIRP on 18.03.2020, following an application by the Operational Creditor under Section 9 of the IB Code. The IRP constituted a Committee of Creditors (COC) comprising one Financial Creditor and one Operational Creditor (Garden Silk Mills Limited). The COC approved the resolution plan with 100% voting rights in its meeting dated 27.01.2021.
The Resolution Professional filed an application for approval of the resolution plan for GSL Nova Petrochemicals Limited under Section 30(6) of the IBC. The Corporate Debtor was admitted into CIRP on 18.03.2020 based on an application by the Operational Creditor. The COC comprised one Financial Creditor and one Operational Creditor. The COC approved the resolution plan with 100% voting rights on 27.01.2021. The Resolution Plan provides for the settlement of claims of various stakeholders, with a total claim of Rs. 14.33 Crores and an amount proposed to be paid of Rs. 1,620,667/-. The Resolution Applicant proposed to infuse Rs. 100,00,000/- to maintain working capital. The Resolution Applicant sought various reliefs and concessions, including exemptions from taxes and
…The Corporate Debtor was admitted into CIRP…
In the first meeting dated 27.06.2020 COC…