The case pertains to an application for approval of a resolution plan for Konkan Minerals Private Limited, a corporate debtor, under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2017-08-16 following the admission of a petition under Section 10 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP). After a public announcement inviting claims from creditors, the IRP constituted a Committee of Creditors (CoC). The CoC approved a resolution plan submitted by the Corporate Debtor itself, which is a MSME, making it eligible under Section 240A of the Code. The resolution plan proposes various financial terms, sources of funds, and treatment of
…Konkan Minerals Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Mumbai Bench on 2017-08-16. The applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 2017-09-16, inviting claims from creditors. The IRP constituted the Committee of Creditors (CoC) on 2017-10-10 and conducted its first meeting on 2017-10-16. The CoC resolved to appoint the applicant as the Resolution Professional (RP). The RP issued Form-G on 2017-11-22 and again on 2018-06-04, inviting Expressions of Interest (EOI) from Prospective Resolution Applicants (PRAs). The CIRP period was extended by 90 days on 2018-08-02. The RP received a Resolution Plan from Mr. Gururaj S R, the erstwhile Director of the Corporate
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Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement…
The case pertains to an application for approval of a resolution plan for Konkan Minerals Private Limited, a corporate debtor, under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2017-08-16 following the admission of a petition under Section 10 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP). After a public announcement inviting claims from creditors, the IRP constituted a Committee of Creditors (CoC). The CoC approved a resolution plan submitted by the Corporate Debtor itself, which is a MSME, making it eligible under Section 240A of the Code. The resolution plan proposes various financial terms, sources of funds, and treatment of
…Konkan Minerals Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Mumbai Bench on 2017-08-16. The applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 2017-09-16, inviting claims from creditors. The IRP constituted the Committee of Creditors (CoC) on 2017-10-10 and conducted its first meeting on 2017-10-16. The CoC resolved to appoint the applicant as the Resolution Professional (RP). The RP issued Form-G on 2017-11-22 and again on 2018-06-04, inviting Expressions of Interest (EOI) from Prospective Resolution Applicants (PRAs). The CIRP period was extended by 90 days on 2018-08-02. The RP received a Resolution Plan from Mr. Gururaj S R, the erstwhile Director of the Corporate
…Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement…