This case involves three Interlocutory Applications (IAs) filed before the National Company Law Tribunal (NCLT), New Delhi Bench-V, concerning the Corporate Insolvency Resolution Process (CIRP) of M/s Solven Power Systems Pvt. Ltd. The primary application, IA No. 5334 of 2020, was filed by the Resolution Professional (RP) seeking approval of the Resolution Plan for the Corporate Debtor under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC). Concurrently, IA No. 641 of 2021 was filed by certain Operational Creditors (M/s Imperial Fastners Private Limited, Rahul Khilnani, and H&R Enterprises) raising objections to the Resolution Plan, alleging discrimination and procedural irregularities, including non-receipt of notice for Committee of Creditors (CoC)
…The Adjudicating Authority, vide its order dated February 18, 2020, admitted the application filed by M/s Imperial Fastners Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s Solven Power Systems Private Limited. Mr. Neeraj Parmar was appointed as the Interim Resolution Professional (IRP) with registration No. IBBI/IPA-002/IP-N00485/2017-2018/11447.
…Application filed by M/s Imperial Fastners…
IRP made a Public Announcement in Form-A,…
This case involves three Interlocutory Applications (IAs) filed before the National Company Law Tribunal (NCLT), New Delhi Bench-V, concerning the Corporate Insolvency Resolution Process (CIRP) of M/s Solven Power Systems Pvt. Ltd. The primary application, IA No. 5334 of 2020, was filed by the Resolution Professional (RP) seeking approval of the Resolution Plan for the Corporate Debtor under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC). Concurrently, IA No. 641 of 2021 was filed by certain Operational Creditors (M/s Imperial Fastners Private Limited, Rahul Khilnani, and H&R Enterprises) raising objections to the Resolution Plan, alleging discrimination and procedural irregularities, including non-receipt of notice for Committee of Creditors (CoC)
…The Adjudicating Authority, vide its order dated February 18, 2020, admitted the application filed by M/s Imperial Fastners Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s Solven Power Systems Private Limited. Mr. Neeraj Parmar was appointed as the Interim Resolution Professional (IRP) with registration No. IBBI/IPA-002/IP-N00485/2017-2018/11447.
…Application filed by M/s Imperial Fastners…
IRP made a Public Announcement in Form-A,…