The case involves Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Noble Ispat & Energies Limited based on an application filed by Indian Renewable Energy Development Agency Limited (IREDA) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was initiated, and an Interim Resolution Professional (IRP) was appointed. Subsequently, Shri Giridhari Lal Sharma was appointed as the Resolution Professional (RP) replacing the existing IRP. The Committee of Creditors (CoC) was formed, consisting of Canara Bank and IREDA. The CoC approved a resolution plan submitted by M/s. SLD Steels Private Limited, which was then presented to the Adjudicating Authority for approval.
Indian Renewable Energy Development Agency Limited (IREDA) initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Noble Ispat & Energies Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted, and an Interim Resolution Professional (IRP) was appointed, later replaced by Shri Giridhari Lal Sharma as the Resolution Professional (RP). Public announcement was made inviting claims from creditors. The Committee of Creditors (CoC) was formed, comprising Canara Bank and IREDA. The RP invited resolution plans, and M/s. SLD Steels Private Limited submitted a plan that was approved by the CoC with 100% voting share. The approved resolution plan included provisions for payments to financial creditors, working
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The Adjudicating Authority admitted the…
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The case involves Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Noble Ispat & Energies Limited based on an application filed by Indian Renewable Energy Development Agency Limited (IREDA) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was initiated, and an Interim Resolution Professional (IRP) was appointed. Subsequently, Shri Giridhari Lal Sharma was appointed as the Resolution Professional (RP) replacing the existing IRP. The Committee of Creditors (CoC) was formed, consisting of Canara Bank and IREDA. The CoC approved a resolution plan submitted by M/s. SLD Steels Private Limited, which was then presented to the Adjudicating Authority for approval.
Indian Renewable Energy Development Agency Limited (IREDA) initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Noble Ispat & Energies Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted, and an Interim Resolution Professional (IRP) was appointed, later replaced by Shri Giridhari Lal Sharma as the Resolution Professional (RP). Public announcement was made inviting claims from creditors. The Committee of Creditors (CoC) was formed, comprising Canara Bank and IREDA. The RP invited resolution plans, and M/s. SLD Steels Private Limited submitted a plan that was approved by the CoC with 100% voting share. The approved resolution plan included provisions for payments to financial creditors, working
…The Adjudicating Authority admitted the…
The Interim Resolution Professional made a…
Sign in to view related legal provisions.