The case pertains to CP No.(IB)55/ALD/2017 with CA No.73/2018 before the National Company Law Tribunal at Allahabad Bench, concerning LML Limited, a company incorporated under the Companies Act, 1956. The Resolution Professional (RP) filed CA No.73/2018 under Section 33(1)(a) of the I&B Code, 2016, in connection with CP No.55/ALD/2017. The company petition filed under Section 7 of the Insolvency and Bankruptcy Code was admitted on 2017-05-30, and Sh. Anil Goel was appointed as RP. The Committee of Creditors (COC) convened its fourth meeting on 2017-11-14, where a resolution plan was presented on behalf of Lohia Corp Limited. The COC sought an extension of 90 days for the Resolution Plan, approved by the Adjudicating Authority on 2017-11-24. The extended CIRP period
…LML Limited, a company incorporated under the Companies Act, 1956, underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated following the admission of a petition under Section 7 of the IBC. Anil Goel was appointed as the Resolution Professional (RP). During the CIRP, several meetings of the Committee of Creditors (COC) were held. A resolution plan submitted by Rimjhim Ispat Limited was rejected by the COC with a vote share of 78.40% against it. The RP failed to submit the progress report or resolution plan within the extended CIRP period, which expired on 2018-02-25. The RP filed an application on 2018-03-19, after the Tribunal issued a notice on 2018-03-13 for submission of the report. The Tribunal
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The company petition filed under Section 7 of…
The fourth meeting of…
The case pertains to CP No.(IB)55/ALD/2017 with CA No.73/2018 before the National Company Law Tribunal at Allahabad Bench, concerning LML Limited, a company incorporated under the Companies Act, 1956. The Resolution Professional (RP) filed CA No.73/2018 under Section 33(1)(a) of the I&B Code, 2016, in connection with CP No.55/ALD/2017. The company petition filed under Section 7 of the Insolvency and Bankruptcy Code was admitted on 2017-05-30, and Sh. Anil Goel was appointed as RP. The Committee of Creditors (COC) convened its fourth meeting on 2017-11-14, where a resolution plan was presented on behalf of Lohia Corp Limited. The COC sought an extension of 90 days for the Resolution Plan, approved by the Adjudicating Authority on 2017-11-24. The extended CIRP period
…LML Limited, a company incorporated under the Companies Act, 1956, underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated following the admission of a petition under Section 7 of the IBC. Anil Goel was appointed as the Resolution Professional (RP). During the CIRP, several meetings of the Committee of Creditors (COC) were held. A resolution plan submitted by Rimjhim Ispat Limited was rejected by the COC with a vote share of 78.40% against it. The RP failed to submit the progress report or resolution plan within the extended CIRP period, which expired on 2018-02-25. The RP filed an application on 2018-03-19, after the Tribunal issued a notice on 2018-03-13 for submission of the report. The Tribunal
…The company petition filed under Section 7 of…
The fourth meeting of…