The case involves MA/308/2019 in CP/229/IB/CB/2018 filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, concerning M/s. Shri Veerganapathi Steels Private Limited. The Corporate Debtor was undergoing Corporate Insolvency Resolution Process (CIRP) since 26.04.2018. Originally, CP/229/(IB)/CB/2018 was filed by M/s. Bank of India (Financial Creditor) under Section 7 of the I&B Code, 2016, to initiate CIRP. The Adjudicating Authority admitted the application on 26.04.2018, initiated CIRP, declared moratorium, and appointed Ms. Kavitha Surana as Interim Resolution Professional (IRP). The IRP took over the management of the Corporate Debtor and invited claims from creditors. The Committee of Creditors (CoC) appointed the Applicant as Resolution Professional
…M/s. Shri Veerganapathi Steels Private Limited, a company engaged in the business of manufacturing and dealing in steel products, underwent Corporate Insolvency Resolution Process (CIRP) starting from 26.04.2018. The CIRP was initiated by M/s. Bank of India, a Financial Creditor, under Section 7 of the I&B Code, 2016. Ms. Kavitha Surana was initially appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The Resolution Professional received claims amounting to Rs.24,87,96,577/- from the secured Financial Creditor and Rs.1,46,04,382/- from the Operational Creditor. The Committee of Creditors (CoC) decided to extend the CIRP period. An application was filed for exclusion of 85 days from the CIRP period, but it was not
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The case involves MA/308/2019 in CP/229/IB/CB/2018 filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, concerning M/s. Shri Veerganapathi Steels Private Limited. The Corporate Debtor was undergoing Corporate Insolvency Resolution Process (CIRP) since 26.04.2018. Originally, CP/229/(IB)/CB/2018 was filed by M/s. Bank of India (Financial Creditor) under Section 7 of the I&B Code, 2016, to initiate CIRP. The Adjudicating Authority admitted the application on 26.04.2018, initiated CIRP, declared moratorium, and appointed Ms. Kavitha Surana as Interim Resolution Professional (IRP). The IRP took over the management of the Corporate Debtor and invited claims from creditors. The Committee of Creditors (CoC) appointed the Applicant as Resolution Professional
…M/s. Shri Veerganapathi Steels Private Limited, a company engaged in the business of manufacturing and dealing in steel products, underwent Corporate Insolvency Resolution Process (CIRP) starting from 26.04.2018. The CIRP was initiated by M/s. Bank of India, a Financial Creditor, under Section 7 of the I&B Code, 2016. Ms. Kavitha Surana was initially appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The Resolution Professional received claims amounting to Rs.24,87,96,577/- from the secured Financial Creditor and Rs.1,46,04,382/- from the Operational Creditor. The Committee of Creditors (CoC) decided to extend the CIRP period. An application was filed for exclusion of 85 days from the CIRP period, but it was not
…The Adjudicating Authority admitted the…
Ms. Kavitha Surana was…