The case pertains to an application filed under section 30(6) and section 31(1) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan for Vista Mining Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Reliance Commercial Finance Limited under section 7 of the Code, which was admitted on 2020-02-25. The Resolution Professional (RP), Dr. Soumitra Lahiri, filed the application after the Committee of Creditors (CoC) approved the Resolution Plan.
Reliance Commercial Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Vista Mining Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), which was admitted on 2020-02-25. Initially, Mr. Kanchan Dutta was appointed as the Interim Resolution Professional (IRP), but he was later replaced by Dr. Soumitra Lahiri, the Applicant herein, following a CoC resolution. The IRP made a public announcement on 2020-02-29, initiating CIRP and calling for proof of claims from creditors. The Committee of Creditors (CoC) was constituted on 2020-03-21, and fifteen CoC meetings were held during the CIRP period. Invitations for Expressions of Interest (EoI) were issued, and three EoIs were received. Only one
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Company Petition filed by Reliance…
IRP made public…
The case pertains to an application filed under section 30(6) and section 31(1) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan for Vista Mining Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Reliance Commercial Finance Limited under section 7 of the Code, which was admitted on 2020-02-25. The Resolution Professional (RP), Dr. Soumitra Lahiri, filed the application after the Committee of Creditors (CoC) approved the Resolution Plan.
Reliance Commercial Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Vista Mining Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), which was admitted on 2020-02-25. Initially, Mr. Kanchan Dutta was appointed as the Interim Resolution Professional (IRP), but he was later replaced by Dr. Soumitra Lahiri, the Applicant herein, following a CoC resolution. The IRP made a public announcement on 2020-02-29, initiating CIRP and calling for proof of claims from creditors. The Committee of Creditors (CoC) was constituted on 2020-03-21, and fifteen CoC meetings were held during the CIRP period. Invitations for Expressions of Interest (EoI) were issued, and three EoIs were received. Only one
…Company Petition filed by Reliance…
IRP made public…