The case pertains to an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. M/s. SREI Infrastructure Finance Limited filed a Company Petition CP(IB) No. 505/KB/2017 under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor M/s. Right Towers Private Limited. The Corporate Insolvency Resolution Process was initiated on July 24, 2019, and Sri Rakesh Kumar Agarwal was appointed as the Insolvency Resolution Professional (IRP).
M/s. SREI Infrastructure Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Right Towers Private Limited. The CIRP was initiated on July 24, 2019, and Sri Rakesh Kumar Agarwal was appointed as the Insolvency Resolution Professional (IRP). The IRP received claims from two financial creditors: M/s. SREI Infrastructure Pvt. Ltd. for Rs. 140,98,23,113/- and M/s. Environ Energy Corporate India Pvt. Ltd. for Rs. 3,46,00,000/-. A Committee of Creditors (CoC) was formed on August 13, 2019. The CoC discussed the ratification of remuneration and expenses made by the IRP and confirmed the IRP as the Resolution Professional (RP). The RP appointed M/s. H Modi &
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M/s. Srei Infrastructure Finance Limited filed…
Corporate Insolvency Resolution Process…
The case pertains to an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. M/s. SREI Infrastructure Finance Limited filed a Company Petition CP(IB) No. 505/KB/2017 under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor M/s. Right Towers Private Limited. The Corporate Insolvency Resolution Process was initiated on July 24, 2019, and Sri Rakesh Kumar Agarwal was appointed as the Insolvency Resolution Professional (IRP).
M/s. SREI Infrastructure Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Right Towers Private Limited. The CIRP was initiated on July 24, 2019, and Sri Rakesh Kumar Agarwal was appointed as the Insolvency Resolution Professional (IRP). The IRP received claims from two financial creditors: M/s. SREI Infrastructure Pvt. Ltd. for Rs. 140,98,23,113/- and M/s. Environ Energy Corporate India Pvt. Ltd. for Rs. 3,46,00,000/-. A Committee of Creditors (CoC) was formed on August 13, 2019. The CoC discussed the ratification of remuneration and expenses made by the IRP and confirmed the IRP as the Resolution Professional (RP). The RP appointed M/s. H Modi &
…M/s. Srei Infrastructure Finance Limited filed…
Corporate Insolvency Resolution Process…