The application was filed by the Resolution Professional stating that the initial 180 days of the Corporate Insolvency Resolution Process (CIRP) expired on July 20, 2019. The 4th meeting of the Committee of Creditors (CoC) dated July 10, 2019, approved an extension of 90 days for the CIRP, as per Item No. 12 of the meeting's agenda.
RPG Industrial Product Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Sahil International Pvt. Ltd. as an Operational Creditor. The initial 180-day period for the CIRP expired on July 20, 2019. The Resolution Professional filed an application seeking an extension of 90 days, which was approved by the Committee of Creditors (CoC) in its meeting on July 10, 2019. An Expression of Interest (EOI) was invited, and one EOI was received along with certain queries, but no resolution plan was finalized. The CoC approved another EOI. The Resolution Professional sought the extension to complete the CIRP.
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The initial 180-day…
The 4th meeting of the Committee of Creditors…
The application was filed by the Resolution Professional stating that the initial 180 days of the Corporate Insolvency Resolution Process (CIRP) expired on July 20, 2019. The 4th meeting of the Committee of Creditors (CoC) dated July 10, 2019, approved an extension of 90 days for the CIRP, as per Item No. 12 of the meeting's agenda.
RPG Industrial Product Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Sahil International Pvt. Ltd. as an Operational Creditor. The initial 180-day period for the CIRP expired on July 20, 2019. The Resolution Professional filed an application seeking an extension of 90 days, which was approved by the Committee of Creditors (CoC) in its meeting on July 10, 2019. An Expression of Interest (EOI) was invited, and one EOI was received along with certain queries, but no resolution plan was finalized. The CoC approved another EOI. The Resolution Professional sought the extension to complete the CIRP.
The initial 180-day…
The 4th meeting of the Committee of Creditors…