The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Hwashin Industries Private Limited. The CIRP was initiated following an application filed by the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Devendra Singh was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and they approved the eligibility criteria for Prospective Resolution Applicants (PRA). M/S K.B. Polychem India Limited was the sole PRA to submit an Expression of Interest (EOI) and was found eligible to participate in the resolution process. The initial 180-day CIRP period was extended by 90 days by the Adjudicating
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Hwashin Industries Private Limited based on an application filed by the Corporate Debtor itself under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Devendra Singh was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and they established eligibility criteria for Prospective Resolution Applicants (PRAs). M/S K.B. Polychem India Limited emerged as the sole PRA, submitting an Expression of Interest (EOI) and being deemed eligible to participate in the resolution process. The initial 180-day CIRP period was extended by 90 days by the Adjudicating Authority. M/S
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Corporate Insolvency Resolution Process…
CoC of the Corporate Debtor resolved to…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Hwashin Industries Private Limited. The CIRP was initiated following an application filed by the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Devendra Singh was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and they approved the eligibility criteria for Prospective Resolution Applicants (PRA). M/S K.B. Polychem India Limited was the sole PRA to submit an Expression of Interest (EOI) and was found eligible to participate in the resolution process. The initial 180-day CIRP period was extended by 90 days by the Adjudicating
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Hwashin Industries Private Limited based on an application filed by the Corporate Debtor itself under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Devendra Singh was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and they established eligibility criteria for Prospective Resolution Applicants (PRAs). M/S K.B. Polychem India Limited emerged as the sole PRA, submitting an Expression of Interest (EOI) and being deemed eligible to participate in the resolution process. The initial 180-day CIRP period was extended by 90 days by the Adjudicating Authority. M/S
…Corporate Insolvency Resolution Process…
CoC of the Corporate Debtor resolved to…