The case involves an application under Section 31 of the Insolvency and Bankruptcy Code, 2016, regarding the resolution plan for corporate debtors M/s. SMM Steels Re-Rolling Mills Private Limited and M/s. Paragon Steels Private Limited. The Resolution Professional (RP) submitted a resolution plan for approval. The Committee of Creditors (COC) had approved the final resolution plans with 100% voting in favor of the resolution plan.
Shri. R. Venkatakrishnan, the Resolution Professional, filed an application under Section 31 of the Insolvency and Bankruptcy Code, 2016, for approval of the resolution plan for M/s. SMM Steels Re-Rolling Mills Private Limited and M/s. Paragon Steels Private Limited. Mrs. Fathima Abdul Khadar, acting in concert with Mr. Adbul Khadar, submitted the final resolution plan. The RP conducted the 14th meeting of the COC. The resolution applicant's plan was approved with 100% voting by the sole financial creditor. The resolution plan includes the continuing operations of the corporate debtors, meeting obligations to stakeholders, payment of insolvency resolution process costs, and repayment of debts to operational creditors. The land allotted to M/s. Paragon Steels Private
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The case involves an application under Section 31 of the Insolvency and Bankruptcy Code, 2016, regarding the resolution plan for corporate debtors M/s. SMM Steels Re-Rolling Mills Private Limited and M/s. Paragon Steels Private Limited. The Resolution Professional (RP) submitted a resolution plan for approval. The Committee of Creditors (COC) had approved the final resolution plans with 100% voting in favor of the resolution plan.
Shri. R. Venkatakrishnan, the Resolution Professional, filed an application under Section 31 of the Insolvency and Bankruptcy Code, 2016, for approval of the resolution plan for M/s. SMM Steels Re-Rolling Mills Private Limited and M/s. Paragon Steels Private Limited. Mrs. Fathima Abdul Khadar, acting in concert with Mr. Adbul Khadar, submitted the final resolution plan. The RP conducted the 14th meeting of the COC. The resolution applicant's plan was approved with 100% voting by the sole financial creditor. The resolution plan includes the continuing operations of the corporate debtors, meeting obligations to stakeholders, payment of insolvency resolution process costs, and repayment of debts to operational creditors. The land allotted to M/s. Paragon Steels Private
…Voting on the…
Order delivered by the…