The case involves a petition filed by Ashirwad Agarwal, Sreedhar Ramakrishnan, and Gurpartap Singh Mann under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Palchan Bhang Power Private Limited.
Ashirwad Agarwal, Sreedhar Ramakrishnan, and Gurpartap Singh Mann filed a petition under Section 7 of the IBC to initiate CIRP against Palchan Bhang Power Private Limited.
The application was filed on 19.11.2024, claiming a default of Rs.10,62,76,628/- as of 03.05.2021 and subsequently on 22.07.2024, 08.08.2024 and 28.09.2024.
The Government of Himachal Pradesh allotted the Palchan Bhang Hydro Electric Project to M/s SSJV Projects Pvt. Ltd. for implementation on a Build Own Transfer (BOOT) basis.
The Corporate Debtor was incorporated on 22.02.2011, with promoters including Sreedhar Ramakrishnan, Ashirwad Agarwal, Paramjit Singh, and Gurpartap Singh Mann.
…Sign in to view the parties.
The present application…
Judgment delivered on…
The case involves a petition filed by Ashirwad Agarwal, Sreedhar Ramakrishnan, and Gurpartap Singh Mann under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Palchan Bhang Power Private Limited.
Ashirwad Agarwal, Sreedhar Ramakrishnan, and Gurpartap Singh Mann filed a petition under Section 7 of the IBC to initiate CIRP against Palchan Bhang Power Private Limited.
The application was filed on 19.11.2024, claiming a default of Rs.10,62,76,628/- as of 03.05.2021 and subsequently on 22.07.2024, 08.08.2024 and 28.09.2024.
The Government of Himachal Pradesh allotted the Palchan Bhang Hydro Electric Project to M/s SSJV Projects Pvt. Ltd. for implementation on a Build Own Transfer (BOOT) basis.
The Corporate Debtor was incorporated on 22.02.2011, with promoters including Sreedhar Ramakrishnan, Ashirwad Agarwal, Paramjit Singh, and Gurpartap Singh Mann.
…The present application…
Judgment delivered on…