The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of Perfect Engine Components Private Limited, seeking approval of the Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Edelweiss Asset Reconstruction Company Limited under Section 7 of the IBC. The CIRP was initiated on 2023-04-25. ARCK Resolution Professional LLP was appointed as the Interim Resolution Professional and later confirmed by the Committee of Creditors (CoC). Public announcements were made to invite claims from creditors.
Perfect Engine Components Private Limited (PECPL), formerly known as Sarod Engineering Private Limited, was incorporated on January 13, 2005. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC) following a petition by Edelweiss Asset Reconstruction Company Limited. The CIRP commenced on April 25, 2023. ARCK Resolution Professional LLP was appointed as the Interim Resolution Professional. Claims were received from various creditors, including Edelweiss Asset Reconstruction Company Limited (Rs. 350,79,95,972), Shrem Investments Private Limited (Rs. 15,74,71,651), operational creditors (workmen/employees: Rs. 53,06,349, vendors: Rs. 93,460,473, government authorities: Rs. 57,90,179). The Committee of
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Perfect Engine Components Private Limited…
Corporate Insolvency Resolution Process…
The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of Perfect Engine Components Private Limited, seeking approval of the Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Edelweiss Asset Reconstruction Company Limited under Section 7 of the IBC. The CIRP was initiated on 2023-04-25. ARCK Resolution Professional LLP was appointed as the Interim Resolution Professional and later confirmed by the Committee of Creditors (CoC). Public announcements were made to invite claims from creditors.
Perfect Engine Components Private Limited (PECPL), formerly known as Sarod Engineering Private Limited, was incorporated on January 13, 2005. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC) following a petition by Edelweiss Asset Reconstruction Company Limited. The CIRP commenced on April 25, 2023. ARCK Resolution Professional LLP was appointed as the Interim Resolution Professional. Claims were received from various creditors, including Edelweiss Asset Reconstruction Company Limited (Rs. 350,79,95,972), Shrem Investments Private Limited (Rs. 15,74,71,651), operational creditors (workmen/employees: Rs. 53,06,349, vendors: Rs. 93,460,473, government authorities: Rs. 57,90,179). The Committee of
…Perfect Engine Components Private Limited…
Corporate Insolvency Resolution Process…