The application was filed by the Resolution Professional under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan under Section 31 of the Code read with Regulation 39 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, in respect of the corporate debtor M/s. Pawan Impex Private Limited. Axis Bank Ltd., a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Pawan Impex Private Limited. The Company Petition (IB)-1396 (PB) / 2019 was admitted on 25.07.2019, imposing a moratorium under Section 14 of the Code and initiating CIRP against the Corporate Debtor. Mr. Mahender Kumar Khandelwal was appointed as the Interim Resolution
…M/s. Pawan Impex Private Limited, the Corporate Debtor, underwent Corporate Insolvency Resolution Process (CIRP) initiated by Axis Bank Ltd., a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Company Petition (IB)-1396 (PB) / 2019 was admitted on 25.07.2019, imposing a moratorium under Section 14. Mr. Mahender Kumar Khandelwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution process, including setting eligibility criteria for resolution applicants. The last date for submission of expressions of interest (Eol) and resolution plans was extended multiple times. Three resolution
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Company Petition (IB)-1396 (PB) / 2019 was…
The IRP convened the first meeting of the CoC,…
The application was filed by the Resolution Professional under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan under Section 31 of the Code read with Regulation 39 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, in respect of the corporate debtor M/s. Pawan Impex Private Limited. Axis Bank Ltd., a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Pawan Impex Private Limited. The Company Petition (IB)-1396 (PB) / 2019 was admitted on 25.07.2019, imposing a moratorium under Section 14 of the Code and initiating CIRP against the Corporate Debtor. Mr. Mahender Kumar Khandelwal was appointed as the Interim Resolution
…M/s. Pawan Impex Private Limited, the Corporate Debtor, underwent Corporate Insolvency Resolution Process (CIRP) initiated by Axis Bank Ltd., a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Company Petition (IB)-1396 (PB) / 2019 was admitted on 25.07.2019, imposing a moratorium under Section 14. Mr. Mahender Kumar Khandelwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution process, including setting eligibility criteria for resolution applicants. The last date for submission of expressions of interest (Eol) and resolution plans was extended multiple times. Three resolution
…Company Petition (IB)-1396 (PB) / 2019 was…
The IRP convened the first meeting of the CoC,…