The case pertains to an application filed by the Resolution Professional (RP) of M/s. Abhirama Steels Ltd, the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of the Resolution Plan submitted by M/s. Dwaraka Iron Industries Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition filed by an Operational Creditor under Section 9 of the IBC. The RP issued a public announcement and constituted a Committee of Creditors (CoC). The Resolution Applicant (Dwaraka Iron Industries Private Limited) submitted a resolution plan which was approved by the CoC with 100% voting share. The resolution plan involves a total amount of Rs. 14.50 Crores.
M/s. Abhirama Steels Ltd. underwent Corporate Insolvency Resolution Process (CIRP) following the admission of a petition by an Operational Creditor. The Interim Resolution Professional (IRP) was appointed and later confirmed as the Resolution Professional (RP). The RP issued a public announcement and constituted a Committee of Creditors (CoC) consisting of Indian Bank (92.92% voting share) and Arien Trading Private Limited (7.08% voting share). Claims were received from various Operational and Financial Creditors. The total claim of Operational Creditors was Rs. 16,84,74,606/-, and the total claim of Financial Creditors was Rs. 43,03,44,490/-. The RP appointed registered valuers to value the properties of the Corporate Debtor. The Resolution Professional issued a
…Sign in to view the parties.
Filing of the Corporate…
Tribunal admitted the petition filed by the…
The case pertains to an application filed by the Resolution Professional (RP) of M/s. Abhirama Steels Ltd, the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of the Resolution Plan submitted by M/s. Dwaraka Iron Industries Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition filed by an Operational Creditor under Section 9 of the IBC. The RP issued a public announcement and constituted a Committee of Creditors (CoC). The Resolution Applicant (Dwaraka Iron Industries Private Limited) submitted a resolution plan which was approved by the CoC with 100% voting share. The resolution plan involves a total amount of Rs. 14.50 Crores.
M/s. Abhirama Steels Ltd. underwent Corporate Insolvency Resolution Process (CIRP) following the admission of a petition by an Operational Creditor. The Interim Resolution Professional (IRP) was appointed and later confirmed as the Resolution Professional (RP). The RP issued a public announcement and constituted a Committee of Creditors (CoC) consisting of Indian Bank (92.92% voting share) and Arien Trading Private Limited (7.08% voting share). Claims were received from various Operational and Financial Creditors. The total claim of Operational Creditors was Rs. 16,84,74,606/-, and the total claim of Financial Creditors was Rs. 43,03,44,490/-. The RP appointed registered valuers to value the properties of the Corporate Debtor. The Resolution Professional issued a
…Filing of the Corporate…
Tribunal admitted the petition filed by the…