The Interlocutory Application (IA) was filed by Mr. Rohit Ramesh Mehra, the Resolution Professional (RP) of Reliance Infrastructure Consulting & Engineers Private Limited (Corporate Debtor), seeking approval of the Resolution Plan under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan, submitted by Mr. Manoj Kumar Upadhyay, was unanimously approved by the Committee of Creditors (CoC). The RP also filed a clarificatory addendum to the Resolution Plan, providing changes in the implementation structure while keeping the proposed pay-outs to stakeholders unchanged. The Corporate Insolvency Resolution Process (CIRP) was initiated by Axis Trustee Services Limited under Section 7 of the Code.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Reliance Infrastructure Consulting & Engineers Private Limited based on an application by Axis Trustee Services Limited under Section 7 of the Insolvency and Bankruptcy Code. Mr. Rohit Ramesh Mehra was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP invited claims from creditors and constituted the Committee of Creditors (CoC). The CoC approved the Request for Resolution Plan (RFRP) and Evaluation Matrix (EM). Several Prospective Resolution Applicants (PRAs) submitted expressions of interest, and two resolution plans were received. The CoC evaluated the resolution plans and approved the plan submitted by Mr. Manoj Kumar
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Corporate Insolvency Resolution Process (CIRP)…
IRP made a Public Announcement in Form ‘A'…
The Interlocutory Application (IA) was filed by Mr. Rohit Ramesh Mehra, the Resolution Professional (RP) of Reliance Infrastructure Consulting & Engineers Private Limited (Corporate Debtor), seeking approval of the Resolution Plan under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan, submitted by Mr. Manoj Kumar Upadhyay, was unanimously approved by the Committee of Creditors (CoC). The RP also filed a clarificatory addendum to the Resolution Plan, providing changes in the implementation structure while keeping the proposed pay-outs to stakeholders unchanged. The Corporate Insolvency Resolution Process (CIRP) was initiated by Axis Trustee Services Limited under Section 7 of the Code.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Reliance Infrastructure Consulting & Engineers Private Limited based on an application by Axis Trustee Services Limited under Section 7 of the Insolvency and Bankruptcy Code. Mr. Rohit Ramesh Mehra was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP invited claims from creditors and constituted the Committee of Creditors (CoC). The CoC approved the Request for Resolution Plan (RFRP) and Evaluation Matrix (EM). Several Prospective Resolution Applicants (PRAs) submitted expressions of interest, and two resolution plans were received. The CoC evaluated the resolution plans and approved the plan submitted by Mr. Manoj Kumar
…Corporate Insolvency Resolution Process (CIRP)…
IRP made a Public Announcement in Form ‘A'…