The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s GVK Gautami Power Limited. Edelweiss Asset Reconstruction Company Limited initiated the CIRP 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 M/s Radha Smelters Private Limited, which was approved by the Committee of Creditors (CoC) with 100% voting share. The CIRP was initiated following an order dated 20.10.2023. The RP conducted various activities, including public announcement, constitution of the CoC, appointment of registered valuers, and publication of Form G inviting Expression of Interest (EOI). Several CoC meetings were held to discuss and decide on various
…Edelweiss Asset Reconstruction Company Limited initiated Corporate Insolvency Resolution Process (CIRP) against GVK Gautami Power Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commenced following an order dated 20.10.2023. Anil Kohli was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional (RP). The RP made a public announcement as per Section 15 of the IBC. The Committee of Creditors (CoC) was constituted on 10.11.2023, comprising financial creditors such as Edelweiss Asset Reconstruction Company Limited (with 59.12% voting share), Bank of Baroda, Indian Overseas Bank, Union Bank of India, Indian Bank, and Punjab National Bank. The first CoC meeting was held on 20.11.2023, where the
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Corporate Insolvency Resolution Process…
Interim Resolution Professional (IRP) issued…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s GVK Gautami Power Limited. Edelweiss Asset Reconstruction Company Limited initiated the CIRP 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 M/s Radha Smelters Private Limited, which was approved by the Committee of Creditors (CoC) with 100% voting share. The CIRP was initiated following an order dated 20.10.2023. The RP conducted various activities, including public announcement, constitution of the CoC, appointment of registered valuers, and publication of Form G inviting Expression of Interest (EOI). Several CoC meetings were held to discuss and decide on various
…Edelweiss Asset Reconstruction Company Limited initiated Corporate Insolvency Resolution Process (CIRP) against GVK Gautami Power Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commenced following an order dated 20.10.2023. Anil Kohli was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional (RP). The RP made a public announcement as per Section 15 of the IBC. The Committee of Creditors (CoC) was constituted on 10.11.2023, comprising financial creditors such as Edelweiss Asset Reconstruction Company Limited (with 59.12% voting share), Bank of Baroda, Indian Overseas Bank, Union Bank of India, Indian Bank, and Punjab National Bank. The first CoC meeting was held on 20.11.2023, where the
…Corporate Insolvency Resolution Process…
Interim Resolution Professional (IRP) issued…