The case involves an application (I.A. 41/2024) filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Peri Nitrates Private Limited ('the Corporate Debtor'). The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 7 of the Code. Mr. Mahesh Govardhan Bagla was appointed as the Interim Resolution Professional (IRP). Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss the resolution plan. The IRP appointed registered valuers to determine the fair value and liquidation value of the Corporate Debtor's assets. Expression of Interest (Eol) was invited from prospective resolution applicants, and
…Peri Nitrates Private Limited ('the Corporate Debtor') was incorporated on 01.08.1997. The authorized share capital is Rs. 9,90,00,000 and paid-up share capital is Rs. 9,90,00,000. The company is engaged in the manufacturing of ammonium nitrate and guanidine nitrate. A Corporate Insolvency Resolution Process (‘CIRP”) was initiated under Section 7 of the Code. Mr. Mahesh Govardhan Bagla was appointed as the Interim Resolution Professional (‘IRP'). Public announcements were made inviting claims from creditors. The IRP received claims from secured financial creditors, unsecured financial creditors, and operational creditors. The Committee of Creditors (CoC) was constituted on 28.09.2022. The Applicant submits that 12 COC meetings have been held during the CIRP period. The
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Tribunal order under…
IRP made a Public…
The case involves an application (I.A. 41/2024) filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Peri Nitrates Private Limited ('the Corporate Debtor'). The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 7 of the Code. Mr. Mahesh Govardhan Bagla was appointed as the Interim Resolution Professional (IRP). Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss the resolution plan. The IRP appointed registered valuers to determine the fair value and liquidation value of the Corporate Debtor's assets. Expression of Interest (Eol) was invited from prospective resolution applicants, and
…Peri Nitrates Private Limited ('the Corporate Debtor') was incorporated on 01.08.1997. The authorized share capital is Rs. 9,90,00,000 and paid-up share capital is Rs. 9,90,00,000. The company is engaged in the manufacturing of ammonium nitrate and guanidine nitrate. A Corporate Insolvency Resolution Process (‘CIRP”) was initiated under Section 7 of the Code. Mr. Mahesh Govardhan Bagla was appointed as the Interim Resolution Professional (‘IRP'). Public announcements were made inviting claims from creditors. The IRP received claims from secured financial creditors, unsecured financial creditors, and operational creditors. The Committee of Creditors (CoC) was constituted on 28.09.2022. The Applicant submits that 12 COC meetings have been held during the CIRP period. The
…Tribunal order under…
IRP made a Public…