The Resolution Professional (RP) for Andhra Cement Limited, the Corporate Debtor, sought approval of the Resolution Plan under Section 30(6) & 31(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI Regulations. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2022-04-26. The Interim Resolution Professional (IRP) made a public announcement on 2022-04-28, inviting claims from creditors. The IRP received claims from various creditors and published the first list of creditors on 2022-05-17. The Committee of Creditors (CoC) was initially constituted with Pridhvi Asset Reconstruction and Securitization Company Limited (PARAS), Union Bank of India (UBI), and State Bank of India. The CoC decided to appoint the Applicant

The Resolution Professional (RP) for Andhra Cement Limited, the Corporate Debtor, sought approval of the Resolution Plan under Section 30(6) & 31(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI Regulations. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2022-04-26. The Interim Resolution Professional (IRP) made a public announcement on 2022-04-28, inviting claims from creditors. The IRP received claims from various creditors and published the first list of creditors on 2022-05-17. The Committee of Creditors (CoC) was initially constituted with Pridhvi Asset Reconstruction and Securitization Company Limited (PARAS), Union Bank of India (UBI), and State Bank of India. The CoC decided to appoint the Applicant