M/s R.P. Goel, Proprietor of Parivahan Road Carriers, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against M/s. Samtel Color Ltd. The total amount of default claimed was Rs. 66,16,402/- including interest as on 23.03.2017. It was noted that a Corporate Insolvency Resolution Process had already been initiated against the same corporate debtor, M/s Samtel Color Ltd., in the case of Punjab National Bank, C.P. No. (IB)-132(PB)/2017, which was decided on 07.09.2017. Mr. Sanjay Gupta was appointed as Interim Resolution Professional.
M/s R.P. Goel, Proprietor of Parivahan Road Carriers, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against M/s. Samtel Color Ltd. The claimed default amount was Rs. 66,16,402/- including interest as of March 23, 2017. M/s Samtel Color Ltd. was identified as the 'Operational / Corporate Debtor'. A Corporate Insolvency Resolution Process had already been initiated against M/s Samtel Color Ltd. in the case of Punjab National Bank, C.P. No. (IB)-132(PB)/2017, decided on September 7, 2017. Sanjay Gupta was appointed as the Interim Resolution Professional.
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The total amount of default is stated to be Rs.…
Corporate Insolvency Resolution Process has…
M/s R.P. Goel, Proprietor of Parivahan Road Carriers, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against M/s. Samtel Color Ltd. The total amount of default claimed was Rs. 66,16,402/- including interest as on 23.03.2017. It was noted that a Corporate Insolvency Resolution Process had already been initiated against the same corporate debtor, M/s Samtel Color Ltd., in the case of Punjab National Bank, C.P. No. (IB)-132(PB)/2017, which was decided on 07.09.2017. Mr. Sanjay Gupta was appointed as Interim Resolution Professional.
M/s R.P. Goel, Proprietor of Parivahan Road Carriers, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against M/s. Samtel Color Ltd. The claimed default amount was Rs. 66,16,402/- including interest as of March 23, 2017. M/s Samtel Color Ltd. was identified as the 'Operational / Corporate Debtor'. A Corporate Insolvency Resolution Process had already been initiated against M/s Samtel Color Ltd. in the case of Punjab National Bank, C.P. No. (IB)-132(PB)/2017, decided on September 7, 2017. Sanjay Gupta was appointed as the Interim Resolution Professional.
The total amount of default is stated to be Rs.…
Corporate Insolvency Resolution Process has…