The case involves an application filed under section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a resolution plan by the Committee of Creditors. The corporate insolvency resolution process was initiated against Salasar Steel and Power Limited. The NCLT also considered various prayers, reliefs, and concessions sought by the Resolution Applicant to ensure successful implementation of the plan.
J.M. Financial Asset Reconstruction Company Limited, the financial creditor, filed a company petition against Salasar Steel and Power Limited, the corporate debtor, under section 7 of the Insolvency and Bankruptcy Code, 2016. This petition, initially C.P (IB) No. 1411/MB/2018, was admitted on September 27, 2019, and subsequently transferred as T.P. No. 203/CTB/2019.
…The company petition filed by J.M. Financial…
Mr. Rajesh Jhunjhunwala was confirmed as the…
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The case involves an application filed under section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a resolution plan by the Committee of Creditors. The corporate insolvency resolution process was initiated against Salasar Steel and Power Limited. The NCLT also considered various prayers, reliefs, and concessions sought by the Resolution Applicant to ensure successful implementation of the plan.
J.M. Financial Asset Reconstruction Company Limited, the financial creditor, filed a company petition against Salasar Steel and Power Limited, the corporate debtor, under section 7 of the Insolvency and Bankruptcy Code, 2016. This petition, initially C.P (IB) No. 1411/MB/2018, was admitted on September 27, 2019, and subsequently transferred as T.P. No. 203/CTB/2019.
…The company petition filed by J.M. Financial…
Mr. Rajesh Jhunjhunwala was confirmed as the…
Sign in to view related legal provisions.