The case involves an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan submitted by M/s Yashasvee Textiles Private Limited for the Corporate Debtor, Topman Exports Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench on 14.10.2019, following the admission of a petition under Section 7 of the Code. The applicant, Vishal Bidawatjika, was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors, and a Committee of Creditors (CoC) was formed. The RP issued Form-G, inviting expression of interest (EoI) from prospective resolution applicants,
…The Corporate Insolvency Resolution Process (CIRP) of Topman Exports Limited was initiated on 14.10.2019 by the NCLT Mumbai Bench. Vishal Bidawatjika was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made public announcements inviting claims from creditors and formed a Committee of Creditors (CoC) on 07.11.2019. The RP issued Form-G on 31.12.2019, inviting expression of interest (EoI) from prospective resolution applicants (PRAs). Two EoIs were received from M/s Yashasvee Textiles Private Limited and M/s Accurate Bearings Private Limited. The RP received two Resolution Plans from the PRAs and placed them before the CoC for discussion. The CoC decided that the PRAs should revise their plans. The RP
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Corporate Insolvency…
Applicant made public…
The case involves an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan submitted by M/s Yashasvee Textiles Private Limited for the Corporate Debtor, Topman Exports Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench on 14.10.2019, following the admission of a petition under Section 7 of the Code. The applicant, Vishal Bidawatjika, was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors, and a Committee of Creditors (CoC) was formed. The RP issued Form-G, inviting expression of interest (EoI) from prospective resolution applicants,
…The Corporate Insolvency Resolution Process (CIRP) of Topman Exports Limited was initiated on 14.10.2019 by the NCLT Mumbai Bench. Vishal Bidawatjika was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made public announcements inviting claims from creditors and formed a Committee of Creditors (CoC) on 07.11.2019. The RP issued Form-G on 31.12.2019, inviting expression of interest (EoI) from prospective resolution applicants (PRAs). Two EoIs were received from M/s Yashasvee Textiles Private Limited and M/s Accurate Bearings Private Limited. The RP received two Resolution Plans from the PRAs and placed them before the CoC for discussion. The CoC decided that the PRAs should revise their plans. The RP
…Corporate Insolvency…
Applicant made public…