The case pertains to an application (I.A. No. 94 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against M/s. Nobel Ispat & Energies Ltd. The CIRP was initiated based on an application by M/s. Indian Renewable Energy Development Agency Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the application on 26.08.2019 and appointed an Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (COC). Subsequently, the COC decided to replace the IRP with Mr. Giridhar Lal Sharma as the Resolution Professional (RP).
M/s. Indian Renewable Energy Development Agency Limited initiated CIRP against M/s. Nobel Ispat & Energies Ltd. The CIRP was admitted on 26.08.2019, and Mr. Rajendra Prasad Tak was appointed as the IRP. The COC was formed, consisting of Canara Bank and Indian Renewable Energy Development Agency Ltd. The COC decided to replace the IRP with Mr. Giridhar Lal Sharma. The Adjudicating Authority approved the appointment of Mr. Sharma on 27.11.2019. The RP prepared an Information Memorandum, appointed valuers, and published an Expression of Interest. The last date for receipt of Resolution Plans was 26th February, 2020, and the CIRP period was expiring on 5th March 2020. The COC, in its meeting on 24.01.2020, unanimously resolved to seek a 60-day extension of the CIRP
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The case pertains to an application (I.A. No. 94 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against M/s. Nobel Ispat & Energies Ltd. The CIRP was initiated based on an application by M/s. Indian Renewable Energy Development Agency Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the application on 26.08.2019 and appointed an Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (COC). Subsequently, the COC decided to replace the IRP with Mr. Giridhar Lal Sharma as the Resolution Professional (RP).
M/s. Indian Renewable Energy Development Agency Limited initiated CIRP against M/s. Nobel Ispat & Energies Ltd. The CIRP was admitted on 26.08.2019, and Mr. Rajendra Prasad Tak was appointed as the IRP. The COC was formed, consisting of Canara Bank and Indian Renewable Energy Development Agency Ltd. The COC decided to replace the IRP with Mr. Giridhar Lal Sharma. The Adjudicating Authority approved the appointment of Mr. Sharma on 27.11.2019. The RP prepared an Information Memorandum, appointed valuers, and published an Expression of Interest. The last date for receipt of Resolution Plans was 26th February, 2020, and the CIRP period was expiring on 5th March 2020. The COC, in its meeting on 24.01.2020, unanimously resolved to seek a 60-day extension of the CIRP
…The Adjudicating Authority admitted the…
The COC pas…
Sign in to view related legal provisions.