The case pertains to the approval of a resolution plan for 'Prius Commercial Projects Private Limited' under the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Mahender Kumar Khandelwal was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution process, including inviting expressions of interest from prospective resolution applicants. The RP submitted a resolution plan that was approved by the CoC with a 100% majority.
The Resolution Professional (RP), Mr. Mahender Kumar Khandelwal, filed an application seeking approval of a resolution plan for 'Prius Commercial Projects Private Limited'. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the RP was appointed. The Committee of Creditors (CoC) was formed, and meetings were held to discuss the resolution process. The first CoC meeting was held on September 27, 2019, where it was resolved to appoint the Interim Resolution Professional (IRP) as RP of the Corporate Debtor. The time for the CIRP was extended on multiple occasions. The CoC approved the minimum eligibility criteria for inviting expressions of interest from prospective resolution applicants. The applicant identified 13 qualified prospective applicants. The
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Corporate Insolvency Resolution Process (CIRP)…
The first CoC meeting was held, wherein it…
The case pertains to the approval of a resolution plan for 'Prius Commercial Projects Private Limited' under the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Mahender Kumar Khandelwal was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution process, including inviting expressions of interest from prospective resolution applicants. The RP submitted a resolution plan that was approved by the CoC with a 100% majority.
The Resolution Professional (RP), Mr. Mahender Kumar Khandelwal, filed an application seeking approval of a resolution plan for 'Prius Commercial Projects Private Limited'. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the RP was appointed. The Committee of Creditors (CoC) was formed, and meetings were held to discuss the resolution process. The first CoC meeting was held on September 27, 2019, where it was resolved to appoint the Interim Resolution Professional (IRP) as RP of the Corporate Debtor. The time for the CIRP was extended on multiple occasions. The CoC approved the minimum eligibility criteria for inviting expressions of interest from prospective resolution applicants. The applicant identified 13 qualified prospective applicants. The
…Corporate Insolvency Resolution Process (CIRP)…
The first CoC meeting was held, wherein it…