SREI Infrastructure Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Resurgent Infratel Private Limited. The application was admitted on 2017-11-21, and Mr. Rakesh Kumar Agarwal was appointed as the Interim Resolution Professional. Despite efforts, no resolution plan was received, leading to the Committee of Creditors recommending liquidation.
SREI Infrastructure Finance Limited initiated CIRP against Resurgent Infratel Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2017-11-21, and Mr. Rakesh Kumar Agarwal was appointed as the Interim Resolution Professional. Despite efforts, including advertising in newspapers, no resolution plan was received. The Committee of Creditors, in a meeting held on 2018-05-13, unanimously recommended liquidation. The Resolution Professional reported the failure to obtain a resolution plan. The court considered the financial position of the corporate debtor and the recommendation of the Committee of Creditors. The CIRP period was to expire on 2018-05-19. The Resolution Professional was unable to issue publication again
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The application for CIRP was admitted, and Mr.…
The Committee of…
SREI Infrastructure Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Resurgent Infratel Private Limited. The application was admitted on 2017-11-21, and Mr. Rakesh Kumar Agarwal was appointed as the Interim Resolution Professional. Despite efforts, no resolution plan was received, leading to the Committee of Creditors recommending liquidation.
SREI Infrastructure Finance Limited initiated CIRP against Resurgent Infratel Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2017-11-21, and Mr. Rakesh Kumar Agarwal was appointed as the Interim Resolution Professional. Despite efforts, including advertising in newspapers, no resolution plan was received. The Committee of Creditors, in a meeting held on 2018-05-13, unanimously recommended liquidation. The Resolution Professional reported the failure to obtain a resolution plan. The court considered the financial position of the corporate debtor and the recommendation of the Committee of Creditors. The CIRP period was to expire on 2018-05-19. The Resolution Professional was unable to issue publication again
…The application for CIRP was admitted, and Mr.…
The Committee of…