The case pertains to an application filed by Mr. Anuj Bajpai, the Resolution Professional (RP) of Panache Aluminium Extrusions Private Limited, seeking approval of the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor by Pegasus Assets Reconstruction Private Limited, the Financial Creditor, under Section 7 of the Code. The resolution plan was submitted by a consortium of Mr. Arun Duggar and Mr. Vinod Kothari and approved by 99.88% of the Committee of Creditors (CoC). The CIRP was initiated on 31.12.2019, and Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP), later confirmed as the RP. The CoC was constituted on 24.01.2020.
Panache Aluminium Extrusions Private Limited ('Corporate Debtor') underwent Corporate Insolvency Resolution Process (CIRP) initiated by Pegasus Assets Reconstruction Private Limited ('Financial Creditor') under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP published a public announcement inviting claims, receiving claims aggregating Rs.61.38 crores. The RP appointed registered valuers to determine the liquidation and fair value of the Corporate Debtor's assets. The RP invited Expression of Interest (EoI) for resolution plans, receiving interest from multiple parties. The Committee of Creditors (CoC) approved a resolution
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
Mr. Anuj Bajpai…
The case pertains to an application filed by Mr. Anuj Bajpai, the Resolution Professional (RP) of Panache Aluminium Extrusions Private Limited, seeking approval of the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor by Pegasus Assets Reconstruction Private Limited, the Financial Creditor, under Section 7 of the Code. The resolution plan was submitted by a consortium of Mr. Arun Duggar and Mr. Vinod Kothari and approved by 99.88% of the Committee of Creditors (CoC). The CIRP was initiated on 31.12.2019, and Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP), later confirmed as the RP. The CoC was constituted on 24.01.2020.
Panache Aluminium Extrusions Private Limited ('Corporate Debtor') underwent Corporate Insolvency Resolution Process (CIRP) initiated by Pegasus Assets Reconstruction Private Limited ('Financial Creditor') under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP published a public announcement inviting claims, receiving claims aggregating Rs.61.38 crores. The RP appointed registered valuers to determine the liquidation and fair value of the Corporate Debtor's assets. The RP invited Expression of Interest (EoI) for resolution plans, receiving interest from multiple parties. The Committee of Creditors (CoC) approved a resolution
…Corporate Insolvency Resolution Process…
Mr. Anuj Bajpai…