The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Nexgen Laminators Private Limited based on an application filed by State Bank of India under Section 7 of the IBC.

Mr. Jalesh Kumar Grover was appointed as the Resolution Professional (RP).

The Committee of Creditors (CoC) was formed, comprising Small Industrial Development Bank of India (SIDBI), State Bank of India, and Canara Bank.

Several meetings of the CoC were held to discuss the resolution process, including the appointment of the RP, publication of Form-G, and evaluation of resolution plans.

Multiple extensions of the CIRP period were sought and granted.

Six resolution plans were received, including one from Mr. Rajesh Singla, the promoter of the Corporate Debtor.

The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Nexgen Laminators Private Limited based on an application filed by State Bank of India under Section 7 of the IBC.

Mr. Jalesh Kumar Grover was appointed as the Resolution Professional (RP).

The Committee of Creditors (CoC) was formed, comprising Small Industrial Development Bank of India (SIDBI), State Bank of India, and Canara Bank.

Several meetings of the CoC were held to discuss the resolution process, including the appointment of the RP, publication of Form-G, and evaluation of resolution plans.

Multiple extensions of the CIRP period were sought and granted.

Six resolution plans were received, including one from Mr. Rajesh Singla, the promoter of the Corporate Debtor.