The case pertains to an application filed by the Resolution Professional, Anish Niranjan Nanavaty, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the resolution plan for Reliance Communications Infrastructure Limited ('Corporate Debtor'). The CIRP was initiated on 25.09.2019. The resolution plan was submitted by Reliance Projects & Property Management Services Limited through its division Infrastructure Projects ('Successful Resolution Applicant/SRA').
The CIRP was initiated against Reliance Communications Infrastructure Limited on 2019-09-25. Anish Niranjan Nanavaty was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The IRP published a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was constituted. Multiple CoC meetings were held. Registered valuers were appointed to determine the liquidation and fair value of the Corporate Debtor. The RP published 'Form G' inviting Expression of Interest (Eol) from Prospective Resolution Applicants (PRA). Several PRAs submitted resolution plans, including Reliance Projects & Property Management Services Limited. The RP and advisors engaged in discussions with the PRAs. The CoC
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CIRP was ini…
Mr. Anish Niranjan…
The case pertains to an application filed by the Resolution Professional, Anish Niranjan Nanavaty, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the resolution plan for Reliance Communications Infrastructure Limited ('Corporate Debtor'). The CIRP was initiated on 25.09.2019. The resolution plan was submitted by Reliance Projects & Property Management Services Limited through its division Infrastructure Projects ('Successful Resolution Applicant/SRA').
The CIRP was initiated against Reliance Communications Infrastructure Limited on 2019-09-25. Anish Niranjan Nanavaty was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The IRP published a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was constituted. Multiple CoC meetings were held. Registered valuers were appointed to determine the liquidation and fair value of the Corporate Debtor. The RP published 'Form G' inviting Expression of Interest (Eol) from Prospective Resolution Applicants (PRA). Several PRAs submitted resolution plans, including Reliance Projects & Property Management Services Limited. The RP and advisors engaged in discussions with the PRAs. The CoC
…CIRP was ini…
Mr. Anish Niranjan…