Girija Sugars and Agro Private Limited filed an application (IA No. 1211/MB/2020) in CP (IB) No. 2156/MB/2019, seeking reversal of the decision by Respondent No. 1 (Resolution Professional) for not accepting its Expression of Interest (EoI). The Corporate Insolvency Resolution Process (CIRP) was initiated against KGS Sugar & Infra Corporation Limited based on a petition filed under section 7 of the Insolvency & Bankruptcy Code, 2016. The IRP published a public announcement inviting Prospective Resolution Applicants (PRAs) with a cut-off date of 10/02/2020 for EoI submission. The applicant failed to submit the EOI by the cut-off date but later expressed its intention to submit the EoI. The Resolution Professional rejected the request, leading to the current application.
The Corporate Insolvency Resolution Process (CIRP) was initiated against KGS Sugar & Infra Corporation Limited. The IRP published a public announcement with a cut-off date of 10/02/2020 for submission of Expression of Interest (EOI). Girija Sugars and Agro Private Limited (the Applicant) failed to submit its EOI by the cut-off date. The Applicant later expressed its intention to submit the EOI via a letter dated 02/08/2020. The Resolution Professional (Respondent No. 1) rejected the Applicant's request. Dwarkadhish Sakar Karkhana Limited (DSKL) was previously allowed to submit a belated EOI with the approval of the CoC. An Interlocutory Application (IA No. 1029/2020) was filed by another PRA challenging the decision to allow DSKL's belated EOI. The last date for
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Tribunal admitted a Petition (CP No. 2156 of…
IRP published a public announcement inviting…
Girija Sugars and Agro Private Limited filed an application (IA No. 1211/MB/2020) in CP (IB) No. 2156/MB/2019, seeking reversal of the decision by Respondent No. 1 (Resolution Professional) for not accepting its Expression of Interest (EoI). The Corporate Insolvency Resolution Process (CIRP) was initiated against KGS Sugar & Infra Corporation Limited based on a petition filed under section 7 of the Insolvency & Bankruptcy Code, 2016. The IRP published a public announcement inviting Prospective Resolution Applicants (PRAs) with a cut-off date of 10/02/2020 for EoI submission. The applicant failed to submit the EOI by the cut-off date but later expressed its intention to submit the EoI. The Resolution Professional rejected the request, leading to the current application.
The Corporate Insolvency Resolution Process (CIRP) was initiated against KGS Sugar & Infra Corporation Limited. The IRP published a public announcement with a cut-off date of 10/02/2020 for submission of Expression of Interest (EOI). Girija Sugars and Agro Private Limited (the Applicant) failed to submit its EOI by the cut-off date. The Applicant later expressed its intention to submit the EOI via a letter dated 02/08/2020. The Resolution Professional (Respondent No. 1) rejected the Applicant's request. Dwarkadhish Sakar Karkhana Limited (DSKL) was previously allowed to submit a belated EOI with the approval of the CoC. An Interlocutory Application (IA No. 1029/2020) was filed by another PRA challenging the decision to allow DSKL's belated EOI. The last date for
…Tribunal admitted a Petition (CP No. 2156 of…
IRP published a public announcement inviting…