The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s Sunlight Extrusion Private Limited. The Adjudicating Authority admitted the Corporate Debtor into CIRP on February 25, 2020, and appointed Mr. Abhishek Nagori as the Interim Resolution Professional (IRP). Public announcements were made, and claims were invited from creditors. Several meetings of the Committee of Creditors (CoC) were held to explore resolution plans. Despite multiple attempts and extensions, no viable resolution plan was approved by the CoC.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) for Sunlight Extrusion Private Limited on February 25, 2020. Abhishek Nagori was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP compiled a list of creditors, including financial creditors like Central Bank of India with a claim of Rs. 22,07,16,141.00. Several Committee of Creditors (CoC) meetings were held. The CoC decided to appoint Abhishek Nagori as the RP. The RP published Expression of Interest (EOI) in Form-G multiple times. Only one resolution applicant, M/s Khandwala Finstock Private Limited, submitted a resolution plan, which was later rejected by the CoC with 100% voting rights on March 19,
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The Adjudicating Authority admitted the…
Public announcement was made in newspapers…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s Sunlight Extrusion Private Limited. The Adjudicating Authority admitted the Corporate Debtor into CIRP on February 25, 2020, and appointed Mr. Abhishek Nagori as the Interim Resolution Professional (IRP). Public announcements were made, and claims were invited from creditors. Several meetings of the Committee of Creditors (CoC) were held to explore resolution plans. Despite multiple attempts and extensions, no viable resolution plan was approved by the CoC.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) for Sunlight Extrusion Private Limited on February 25, 2020. Abhishek Nagori was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP compiled a list of creditors, including financial creditors like Central Bank of India with a claim of Rs. 22,07,16,141.00. Several Committee of Creditors (CoC) meetings were held. The CoC decided to appoint Abhishek Nagori as the RP. The RP published Expression of Interest (EOI) in Form-G multiple times. Only one resolution applicant, M/s Khandwala Finstock Private Limited, submitted a resolution plan, which was later rejected by the CoC with 100% voting rights on March 19,
…The Adjudicating Authority admitted the…
Public announcement was made in newspapers…