The case pertains to an application filed under Section 30 of the Insolvency and Bankruptcy Code, 2016 (IBC) r.w. Regulation 39 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for the approval of a resolution plan submitted by White Gold Cotton and Oil Industries for the corporate debtor, Shree Gopinath Paper Mills Private Limited. The financial creditor had initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Code. The Corporate Debtor was admitted into CIRP, and an IRP was appointed. Public announcement was made to invite claims from creditors.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Shree Gopinath Paper Mills Private Limited following an application by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted, and an Interim Resolution Professional (IRP) was appointed, who then constituted a Committee of Creditors (CoC) comprising HDFC Bank Limited and Bank of Baroda. The IRP received two resolution plans and, after a bidding process, the CoC approved the resolution plan submitted by White Gold Cotton and Oil Industries with a 100% voting share. The successful resolution applicant (SRA) provided a declaration under Section 29A of the IBC and deposited 10% of the resolution plan value as performance security. The resolution
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Corporate Debtor…
Public announcement inviting claims from…
The case pertains to an application filed under Section 30 of the Insolvency and Bankruptcy Code, 2016 (IBC) r.w. Regulation 39 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for the approval of a resolution plan submitted by White Gold Cotton and Oil Industries for the corporate debtor, Shree Gopinath Paper Mills Private Limited. The financial creditor had initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Code. The Corporate Debtor was admitted into CIRP, and an IRP was appointed. Public announcement was made to invite claims from creditors.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Shree Gopinath Paper Mills Private Limited following an application by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted, and an Interim Resolution Professional (IRP) was appointed, who then constituted a Committee of Creditors (CoC) comprising HDFC Bank Limited and Bank of Baroda. The IRP received two resolution plans and, after a bidding process, the CoC approved the resolution plan submitted by White Gold Cotton and Oil Industries with a 100% voting share. The successful resolution applicant (SRA) provided a declaration under Section 29A of the IBC and deposited 10% of the resolution plan value as performance security. The resolution
…Corporate Debtor…
Public announcement inviting claims from…