The case involves an application filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, by the liquidator of Rai Ispat Private Limited, seeking the dissolution of the corporate debtor.
An application under Section 10 of the Insolvency and Bankruptcy Code, 2016, was filed by Rai Ispat Private Limited itself.
The Corporate Debtor was admitted into CIRP vide order dated 16.03.2022.
Interim Resolution Professional was appointed.
The Interim Resolution Professional received a claim of Rs.26,73,22,719.70/- from Shah Coal Private Limited, the sole financial creditor.
The Interim Resolution Professional constituted CoC with Shah Coal Private Limited having 100% voting rights.
A claim was received from operational creditor Moorgate Industries India Private Limited for Rs.12,51,80,263/-.
The CoC resolved for direct/early dissolution of the corporate debtor.
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Corporate debtor was…
The IRP made a public…
The case involves an application filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, by the liquidator of Rai Ispat Private Limited, seeking the dissolution of the corporate debtor.
An application under Section 10 of the Insolvency and Bankruptcy Code, 2016, was filed by Rai Ispat Private Limited itself.
The Corporate Debtor was admitted into CIRP vide order dated 16.03.2022.
Interim Resolution Professional was appointed.
The Interim Resolution Professional received a claim of Rs.26,73,22,719.70/- from Shah Coal Private Limited, the sole financial creditor.
The Interim Resolution Professional constituted CoC with Shah Coal Private Limited having 100% voting rights.
A claim was received from operational creditor Moorgate Industries India Private Limited for Rs.12,51,80,263/-.
The CoC resolved for direct/early dissolution of the corporate debtor.
…Corporate debtor was…
The IRP made a public…