The Corporate Insolvency Resolution Process ( CIRP ) was initiated against AR Coating Solution (India) Private Limited (Corporate Debtor) on September 20, 2019, following an application by ABC Infra Equipment Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Hemantprakash Shyamsunder Jain was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on October 2, 2019, in Financial Express and Navakal newspapers, as per section 15 of the IBC, inviting claims from creditors. Subsequently, four claims were received from operational creditors, leading to the constitution of a Committee of Creditors (COC). The total approved claim amount was Rs. 71,70,115. The First COC meeting was held

The Corporate Insolvency Resolution Process ( CIRP ) was initiated against AR Coating Solution (India) Private Limited (Corporate Debtor) on September 20, 2019, following an application by ABC Infra Equipment Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Hemantprakash Shyamsunder Jain was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on October 2, 2019, in Financial Express and Navakal newspapers, as per section 15 of the IBC, inviting claims from creditors. Subsequently, four claims were received from operational creditors, leading to the constitution of a Committee of Creditors (COC). The total approved claim amount was Rs. 71,70,115. The First COC meeting was held