The case involves an application filed under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulations 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of NCLT Rules, 2016, by the Resolution Professional seeking directions to approve the resolution plan for Sai Wardha Power Generation Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by India Opportunities III Pte Limited and another. The Resolution Professional was appointed and a public announcement was made inviting claims from stakeholders. The Committee of Creditors (CoC) was constituted, and various meetings were held to discuss and
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Sai Wardha Power Generation Ltd. after India Opportunities III Pte Limited and another filed a petition. Mr. V. Venkatachalam was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made to invite claims from stakeholders. The Committee of Creditors (CoC) was constituted, comprising various financial creditors including IDBI Bank Limited, Standard Chartered Bank, Oriental Bank of Commerce, Axis Bank Limited, Indian Overseas Bank, State Bank of India, Punjab National Bank, Edelweiss Asset Reconstruction Company Limited (EARC), Central Bank of India, UCO Bank, India Opportunities, Bank of India, and Assets Care and
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Tribunal admitted the petition bearing C.P.…
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The case involves an application filed under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulations 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of NCLT Rules, 2016, by the Resolution Professional seeking directions to approve the resolution plan for Sai Wardha Power Generation Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by India Opportunities III Pte Limited and another. The Resolution Professional was appointed and a public announcement was made inviting claims from stakeholders. The Committee of Creditors (CoC) was constituted, and various meetings were held to discuss and
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Sai Wardha Power Generation Ltd. after India Opportunities III Pte Limited and another filed a petition. Mr. V. Venkatachalam was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made to invite claims from stakeholders. The Committee of Creditors (CoC) was constituted, comprising various financial creditors including IDBI Bank Limited, Standard Chartered Bank, Oriental Bank of Commerce, Axis Bank Limited, Indian Overseas Bank, State Bank of India, Punjab National Bank, Edelweiss Asset Reconstruction Company Limited (EARC), Central Bank of India, UCO Bank, India Opportunities, Bank of India, and Assets Care and
…Tribunal admitted the petition bearing C.P.…
Applicant issued a public announcement in terms…
Sign in to view related legal provisions.