The case pertains to the Corporate Insolvency Resolution Process (CIRP) of BTT Industries Private Limited. The CIRP was initiated based on an application filed by Bharat Tubes & Tin Printers under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) filed an application seeking approval of the resolution plan submitted by Mr. Mukul Agarwall, the Successful Resolution Applicant (SRA). The Committee of Creditors (CoC) approved the resolution plan with 100% voting share. The RP sought approval from the NCLT for the resolution plan.
Bharat Tubes & Tin Printers initiated CIRP against BTT Industries Private Limited under Section 7 of IBC. An order was passed on 15.10.2019. Gonugunta Murali was appointed as Interim Resolution Professional. The IRP issued a public announcement on 18.10.2019. The CoC was constituted on 18.11.2019 with operational creditors V.S. Rao & Co. and TSSPDCL Mahabubnagar. The IRP was confirmed as Resolution Professional on 03.01.2022. The RP did not issue a public announcement of Invitation for Expression of Interest (EOI) initially due to lack of assets. IA No. 75/2021 was filed seeking liquidation, but the Tribunal directed issuance of Form G. The CoC approved publication of EOI on 21.05.2024. The RP received seven EOIs, rejecting three and admitting four. The RP
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The case pertains to the Corporate Insolvency Resolution Process (CIRP) of BTT Industries Private Limited. The CIRP was initiated based on an application filed by Bharat Tubes & Tin Printers under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) filed an application seeking approval of the resolution plan submitted by Mr. Mukul Agarwall, the Successful Resolution Applicant (SRA). The Committee of Creditors (CoC) approved the resolution plan with 100% voting share. The RP sought approval from the NCLT for the resolution plan.
Bharat Tubes & Tin Printers initiated CIRP against BTT Industries Private Limited under Section 7 of IBC. An order was passed on 15.10.2019. Gonugunta Murali was appointed as Interim Resolution Professional. The IRP issued a public announcement on 18.10.2019. The CoC was constituted on 18.11.2019 with operational creditors V.S. Rao & Co. and TSSPDCL Mahabubnagar. The IRP was confirmed as Resolution Professional on 03.01.2022. The RP did not issue a public announcement of Invitation for Expression of Interest (EOI) initially due to lack of assets. IA No. 75/2021 was filed seeking liquidation, but the Tribunal directed issuance of Form G. The CoC approved publication of EOI on 21.05.2024. The RP received seven EOIs, rejecting three and admitting four. The RP
…Order passed for initiating Corporate…
IRP issued Public…