The case involves a resolution plan for Roysons Ceramics Private Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP), Mr. Rajesh Kumar Agrawal, sought final sanction and approval of the resolution plan approved by the Committee of Creditors (CoC). The resolution plan was submitted by Mr. Subhankar Roy, the suspended director of the corporate debtor, and was revised twice before being approved with 100% voting shares at the 18th CoC meeting. The RP also filed applications (I.A.s) regarding non-cooperation from the suspended board of directors and condonation of delay in claim submission by West Bengal State Electricity Distribution Company Limited (WBSEDCL).
Roysons Ceramics Private Limited, a registered MSME, underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2023-11-09. Mr. Rajesh Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later approved as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The RP constituted the Committee of Creditors (CoC) on 2023-11-29, with UCO Bank as the sole financial creditor holding 100% voting shares. The RP appointed two Registered Valuers who submitted reports on the Fair Value (Rs. 15,05,73,995.50/-) and Liquidation Value (Rs. 11,14,81,082/-) of the Corporate Debtor. The RP submitted the Information Memorandum (IM) to the CoC on 2024-02-06. The CoC approved the publication of the Eol in Form
…Sign in to view the parties.
Filing of the…
The Corporate Debtor was admitted into…
The case involves a resolution plan for Roysons Ceramics Private Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP), Mr. Rajesh Kumar Agrawal, sought final sanction and approval of the resolution plan approved by the Committee of Creditors (CoC). The resolution plan was submitted by Mr. Subhankar Roy, the suspended director of the corporate debtor, and was revised twice before being approved with 100% voting shares at the 18th CoC meeting. The RP also filed applications (I.A.s) regarding non-cooperation from the suspended board of directors and condonation of delay in claim submission by West Bengal State Electricity Distribution Company Limited (WBSEDCL).
Roysons Ceramics Private Limited, a registered MSME, underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2023-11-09. Mr. Rajesh Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later approved as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The RP constituted the Committee of Creditors (CoC) on 2023-11-29, with UCO Bank as the sole financial creditor holding 100% voting shares. The RP appointed two Registered Valuers who submitted reports on the Fair Value (Rs. 15,05,73,995.50/-) and Liquidation Value (Rs. 11,14,81,082/-) of the Corporate Debtor. The RP submitted the Information Memorandum (IM) to the CoC on 2024-02-06. The CoC approved the publication of the Eol in Form
…Filing of the…
The Corporate Debtor was admitted into…