The case originates from an application filed by IL&FS Engineering and Construction Co. Ltd (Operational Creditor) under Section 9 of the IBC, seeking to initiate CIRP against Nandi Engineering Limited (Corporate Debtor) due to a default of Rs. 12,48,00,000. The Adjudicating Authority admitted the case on 04.01.2019, initiating CIRP and appointing an IRP. Subsequently, the Resolution Professional made a public announcement inviting claims from creditors. A Committee of Creditors (CoC) was formed. The IRP conducted the first CoC meeting on 09.02.2019, where members passed a resolution for the appointment of an Interim Resolution Professional. The Resolution Professional invited Expression of Interest (EoI) for resolution plans, but no interest was received. An
…M/s. IL&FS Engineering and Construction Co. Ltd (Operational Creditor) filed C.P.(IB)No.32/BB/2017 under Section 9 of the IBC, 2016, seeking to initiate CIRP against M/s. Nandi Engineering Limited (Corporate Debtor) for a default of Rs. 12,48,00,000. The Adjudicating Authority admitted the case on 04.01.2019, initiating CIRP and appointing an IRP. The Resolution Professional made a public announcement on 07.01.2019, inviting claims from creditors. Fourteen claims were received from Operational Creditors. A Committee of Creditors (CoC) was constituted. The first CoC meeting was held on 09.02.2019, where a resolution was passed for the appointment of an Interim Resolution Professional. An invitation for Expression of Interest (EoI) was published on 22.03.2019, but no
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M/s. IL&FS Engineering and Construction Co. Ltd…
The Adjudicating…
The case originates from an application filed by IL&FS Engineering and Construction Co. Ltd (Operational Creditor) under Section 9 of the IBC, seeking to initiate CIRP against Nandi Engineering Limited (Corporate Debtor) due to a default of Rs. 12,48,00,000. The Adjudicating Authority admitted the case on 04.01.2019, initiating CIRP and appointing an IRP. Subsequently, the Resolution Professional made a public announcement inviting claims from creditors. A Committee of Creditors (CoC) was formed. The IRP conducted the first CoC meeting on 09.02.2019, where members passed a resolution for the appointment of an Interim Resolution Professional. The Resolution Professional invited Expression of Interest (EoI) for resolution plans, but no interest was received. An
…M/s. IL&FS Engineering and Construction Co. Ltd (Operational Creditor) filed C.P.(IB)No.32/BB/2017 under Section 9 of the IBC, 2016, seeking to initiate CIRP against M/s. Nandi Engineering Limited (Corporate Debtor) for a default of Rs. 12,48,00,000. The Adjudicating Authority admitted the case on 04.01.2019, initiating CIRP and appointing an IRP. The Resolution Professional made a public announcement on 07.01.2019, inviting claims from creditors. Fourteen claims were received from Operational Creditors. A Committee of Creditors (CoC) was constituted. The first CoC meeting was held on 09.02.2019, where a resolution was passed for the appointment of an Interim Resolution Professional. An invitation for Expression of Interest (EoI) was published on 22.03.2019, but no
…M/s. IL&FS Engineering and Construction Co. Ltd…
The Adjudicating…