State Bank of India, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Tantia Constructions Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, due to a default in paying a financial debt of Rs. 213,90,70,549. The Corporate Debtor was admitted into CIRP on 13.03.2019, and Mr. Kshitiz Chhawchharia was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of CIRP and called upon creditors to submit their claims. Claims were received from 16 financial creditors and some operational creditors. A Committee of Creditors (CoC) was constituted, consisting of all 16 financial creditors. The CIRP period was initially 180 days, which was later extended by 90
…State Bank of India (SBI) initiated Corporate Insolvency Resolution Process (CIRP) against Tantia Constructions Limited due to a default of Rs. 213,90,70,549. The application was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor was admitted into CIRP on 13.03.2019. Mr. Kshitiz Chhawchharia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The IRP made a public announcement of the CIRP, inviting claims from creditors. Sixteen financial creditors and some operational creditors submitted their claims. A Committee of Creditors (CoC) was formed, consisting of all 16 financial creditors. The CIRP period was extended by 90 days. The CoC held 11 meetings and
…Sign in to view the parties.
The Corporate Debtor, Tantia Constructions…
The Interim Resolution…
State Bank of India, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Tantia Constructions Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, due to a default in paying a financial debt of Rs. 213,90,70,549. The Corporate Debtor was admitted into CIRP on 13.03.2019, and Mr. Kshitiz Chhawchharia was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of CIRP and called upon creditors to submit their claims. Claims were received from 16 financial creditors and some operational creditors. A Committee of Creditors (CoC) was constituted, consisting of all 16 financial creditors. The CIRP period was initially 180 days, which was later extended by 90
…State Bank of India (SBI) initiated Corporate Insolvency Resolution Process (CIRP) against Tantia Constructions Limited due to a default of Rs. 213,90,70,549. The application was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor was admitted into CIRP on 13.03.2019. Mr. Kshitiz Chhawchharia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The IRP made a public announcement of the CIRP, inviting claims from creditors. Sixteen financial creditors and some operational creditors submitted their claims. A Committee of Creditors (CoC) was formed, consisting of all 16 financial creditors. The CIRP period was extended by 90 days. The CoC held 11 meetings and
…The Corporate Debtor, Tantia Constructions…
The Interim Resolution…