The case involves an application under Section 30(6) and Section 31(1) of the Insolvency & Bankruptcy Code, 2016, for approval of a resolution plan for BKM Industries Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by Trimurti Associates Private Limited, the Financial Creditor, against BKM Industries Limited, the Corporate Debtor. The application was filed by the Resolution Professional (RP), Pratim Bayal, after the resolution plan was approved by the Committee of Creditors (CoC).
Trimurti Associates Private Limited, a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against BKM Industries Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 30 December 2020. Kanchan Dutta was initially appointed as the Interim Resolution Professional (IRP), later replaced by Pratim Bayal as the Resolution Professional (RP). The IRP made public announcements to invite claims from financial and operational creditors. The Committee of Creditors (CoC) was formed, comprising eleven financial creditors. Sixteen CoC meetings were held during the CIRP. The RP received two resolution plans from Uniglobal Paper Private Limited and G.S. Global Projects Private Limited. Uniglobal
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CP (IB) No. 2078/KB/2019…
Corporate Insolvency…
The case involves an application under Section 30(6) and Section 31(1) of the Insolvency & Bankruptcy Code, 2016, for approval of a resolution plan for BKM Industries Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by Trimurti Associates Private Limited, the Financial Creditor, against BKM Industries Limited, the Corporate Debtor. The application was filed by the Resolution Professional (RP), Pratim Bayal, after the resolution plan was approved by the Committee of Creditors (CoC).
Trimurti Associates Private Limited, a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against BKM Industries Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 30 December 2020. Kanchan Dutta was initially appointed as the Interim Resolution Professional (IRP), later replaced by Pratim Bayal as the Resolution Professional (RP). The IRP made public announcements to invite claims from financial and operational creditors. The Committee of Creditors (CoC) was formed, comprising eleven financial creditors. Sixteen CoC meetings were held during the CIRP. The RP received two resolution plans from Uniglobal Paper Private Limited and G.S. Global Projects Private Limited. Uniglobal
…CP (IB) No. 2078/KB/2019…
Corporate Insolvency…