The case pertains to an application (IA No. 236 of 2019) filed in CP(IB) No. 190/NCLT/AHM/2018 by the Resolution Professional of Korba West Power Company Limited, seeking approval of a resolution plan under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) and Regulation 39(4) of the IBBI Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 10 of the IBC. The Resolution Professional made a public announcement inviting claims from stakeholders. The Committee of Creditors (CoC) was formed, and prospective resolution applicants were invited. After evaluation, resolution plans were received and considered, leading to the selection of Adani Power Limited as the
…Korba West Power Company Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) following an application under Section 10 of the Insolvency and Bankruptcy Code, 2016. Abhijit Guhathakurta was appointed as the Resolution Professional. A public announcement was made, inviting claims from stakeholders. The Resolution Professional received claims of Rs. 5034.79 crores from 19 financial creditors, admitting Rs. 5032.16 crores. Claims of Rs. 291.33 crores were received from 197 operational creditors, admitting Rs. 111.45 crores. The Committee of Creditors (CoC) was formed, and prospective resolution applicants were invited. Three resolution plans were received from Adani Power Limited, Worlds Window Impex India Private Limited, and Lakshdeep
…Sign in to view the parties.
The Adjudicating Authority admitted CP(IB)…
The Resolution Professional made a public…
The case pertains to an application (IA No. 236 of 2019) filed in CP(IB) No. 190/NCLT/AHM/2018 by the Resolution Professional of Korba West Power Company Limited, seeking approval of a resolution plan under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) and Regulation 39(4) of the IBBI Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 10 of the IBC. The Resolution Professional made a public announcement inviting claims from stakeholders. The Committee of Creditors (CoC) was formed, and prospective resolution applicants were invited. After evaluation, resolution plans were received and considered, leading to the selection of Adani Power Limited as the
…Korba West Power Company Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) following an application under Section 10 of the Insolvency and Bankruptcy Code, 2016. Abhijit Guhathakurta was appointed as the Resolution Professional. A public announcement was made, inviting claims from stakeholders. The Resolution Professional received claims of Rs. 5034.79 crores from 19 financial creditors, admitting Rs. 5032.16 crores. Claims of Rs. 291.33 crores were received from 197 operational creditors, admitting Rs. 111.45 crores. The Committee of Creditors (CoC) was formed, and prospective resolution applicants were invited. Three resolution plans were received from Adani Power Limited, Worlds Window Impex India Private Limited, and Lakshdeep
…The Adjudicating Authority admitted CP(IB)…
The Resolution Professional made a public…