The case involves multiple applications (CA(IB) Nos. 273, 629, and 671/KB/2018) filed in relation to the Corporate Insolvency Resolution Process (CIRP) of Southern Cooling Tower Pvt. Ltd. initiated by Greenply Industries Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. CA(IB) No. 671/KB/2018 was filed by the Resolution Professional (RP) for approval of the resolution plan under Sections 30(6) and 31 of the IBC. CA(IB) No. 273/KB/2018 was filed by Smt. Ranita Mitra, a creditor, seeking acceptance of her claim. CA(IB) No. 629/KB/2018 was filed by a buyer seeking execution of a sale deed for a property purchased from the Corporate Debtor.
Greenply Industries Ltd. initiated CIRP against Southern Cooling Tower Pvt. Ltd. under Section 9 of the IBC. Mr. Prabhjit Singh Soni was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP). The RP received five claims, including one from Bank of Baroda. The Committee of Creditors (CoC) was formed, and meetings were held regularly. The RP prepared an Information Memorandum and invited Expression of Interest (Eol). The last date for inviting the Resolution Plan was 15-06-2018. The Resolution Plan submitted by Mr. S.K. Mitra was considered by the CoC and the RP. Smt. Ranita Mitra, the widow of a Director of the Corporate Debtor, filed CA(IB) No. 273/KB/2018 claiming Rs. 2,47,27,460/- due from the Corporate Debtor.
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Greenply Industries Ltd. initiated CIRP…
The application filed…
The case involves multiple applications (CA(IB) Nos. 273, 629, and 671/KB/2018) filed in relation to the Corporate Insolvency Resolution Process (CIRP) of Southern Cooling Tower Pvt. Ltd. initiated by Greenply Industries Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. CA(IB) No. 671/KB/2018 was filed by the Resolution Professional (RP) for approval of the resolution plan under Sections 30(6) and 31 of the IBC. CA(IB) No. 273/KB/2018 was filed by Smt. Ranita Mitra, a creditor, seeking acceptance of her claim. CA(IB) No. 629/KB/2018 was filed by a buyer seeking execution of a sale deed for a property purchased from the Corporate Debtor.
Greenply Industries Ltd. initiated CIRP against Southern Cooling Tower Pvt. Ltd. under Section 9 of the IBC. Mr. Prabhjit Singh Soni was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP). The RP received five claims, including one from Bank of Baroda. The Committee of Creditors (CoC) was formed, and meetings were held regularly. The RP prepared an Information Memorandum and invited Expression of Interest (Eol). The last date for inviting the Resolution Plan was 15-06-2018. The Resolution Plan submitted by Mr. S.K. Mitra was considered by the CoC and the RP. Smt. Ranita Mitra, the widow of a Director of the Corporate Debtor, filed CA(IB) No. 273/KB/2018 claiming Rs. 2,47,27,460/- due from the Corporate Debtor.
…Greenply Industries Ltd. initiated CIRP…
The application filed…