The case involves the insolvency resolution process of Shivkripa Ispat Private Limited. Abhudaya Co-operative Bank Limited had initially filed a company petition in the Bombay High Court for winding up Shivkripa Ispat Private Limited. Due to changes in insolvency laws, the case was transferred to the National Company Law Tribunal (NCLT), Mumbai. The NCLT admitted the company petition on 14.08.2017 and appointed Rajendra K. Bhuta as the Interim Resolution Professional (IRP). The IRP then published advertisements inviting claims from creditors of the Corporate Debtor.
Abhudaya Co-operative Bank Limited filed a company petition to wind up Shivkripa Ispat Private Limited in the Bombay High Court. The case was transferred to NCLT Mumbai due to changes in insolvency laws. The NCLT admitted the petition on 2017-08-14 and appointed Rajendra K. Bhuta as the Interim Resolution Professional (IRP). The IRP published advertisements inviting claims from creditors. The loan facility granted by Abhudaya Co-operative Bank Limited was for ₹24,50,95,702. The Resolution Professional received a claim only from the Petitioning Financial Creditor for ₹25,02,88,813. The first meeting of the Committee of Creditors (CoC) was held on 2017-11-10, but the directors of the Corporate Debtor did not provide meaningful information. The CoC decided to appoint an
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Abhudaya Co-operative Bank Limited filed a…
The Company Petition…
The case involves the insolvency resolution process of Shivkripa Ispat Private Limited. Abhudaya Co-operative Bank Limited had initially filed a company petition in the Bombay High Court for winding up Shivkripa Ispat Private Limited. Due to changes in insolvency laws, the case was transferred to the National Company Law Tribunal (NCLT), Mumbai. The NCLT admitted the company petition on 14.08.2017 and appointed Rajendra K. Bhuta as the Interim Resolution Professional (IRP). The IRP then published advertisements inviting claims from creditors of the Corporate Debtor.
Abhudaya Co-operative Bank Limited filed a company petition to wind up Shivkripa Ispat Private Limited in the Bombay High Court. The case was transferred to NCLT Mumbai due to changes in insolvency laws. The NCLT admitted the petition on 2017-08-14 and appointed Rajendra K. Bhuta as the Interim Resolution Professional (IRP). The IRP published advertisements inviting claims from creditors. The loan facility granted by Abhudaya Co-operative Bank Limited was for ₹24,50,95,702. The Resolution Professional received a claim only from the Petitioning Financial Creditor for ₹25,02,88,813. The first meeting of the Committee of Creditors (CoC) was held on 2017-11-10, but the directors of the Corporate Debtor did not provide meaningful information. The CoC decided to appoint an
…Abhudaya Co-operative Bank Limited filed a…
The Company Petition…