The case involves CA No.1033/2019 filed by the Resolution Professional (RP) under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, seeking sanction of a resolution plan approved by the Committee of Creditors (CoC) on 04.11.2019. The Corporate Insolvency Resolution Process (CIRP) was initiated against Haryana Steel & Alloys Ltd. based on a petition filed by the Financial Creditor, Alchemist Asset Reconstruction Company Limited, under Section 7 of the Code. The CIRP was admitted on 13.02.2019, and the applicant was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP appointed registered valuers to determine the fair value and liquidation value of the corporate debtor.
…Alchemist Asset Reconstruction Company Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Haryana Steel & Alloys Ltd., the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on 13.02.2019. Arunava Sikdar was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The IRP appointed two registered valuers to determine the fair value and liquidation value of the corporate debtor, which were assessed at ₹153.58 crores and ₹122.87 crores, respectively. The Committee of Creditors (CoC) was constituted, and multiple meetings were held to approve eligibility criteria
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Haryana Steel…
CIRP proceedings were initiated against Haryana…
The case involves CA No.1033/2019 filed by the Resolution Professional (RP) under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, seeking sanction of a resolution plan approved by the Committee of Creditors (CoC) on 04.11.2019. The Corporate Insolvency Resolution Process (CIRP) was initiated against Haryana Steel & Alloys Ltd. based on a petition filed by the Financial Creditor, Alchemist Asset Reconstruction Company Limited, under Section 7 of the Code. The CIRP was admitted on 13.02.2019, and the applicant was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP appointed registered valuers to determine the fair value and liquidation value of the corporate debtor.
…Alchemist Asset Reconstruction Company Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Haryana Steel & Alloys Ltd., the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on 13.02.2019. Arunava Sikdar was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The IRP appointed two registered valuers to determine the fair value and liquidation value of the corporate debtor, which were assessed at ₹153.58 crores and ₹122.87 crores, respectively. The Committee of Creditors (CoC) was constituted, and multiple meetings were held to approve eligibility criteria
…Haryana Steel…
CIRP proceedings were initiated against Haryana…