The case involves an application filed by Mr. Naren Seth, the Resolution Professional of M/s Starlite Components Limited, seeking approval of the resolution plan under section 30(6) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Starlite Components Limited following an application by Shree Enterprises, an Operational Creditor, under Section 9 of the Code. The resolution plan was submitted by Solar Copyer Limited, the Successful Resolution Applicant (SRA), and unanimously approved by the Committee of Creditors (CoC) in its 4th meeting held on 01.01.2021 with 100% voting share.
Shree Enterprises, an Operational Creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against Starlite Components Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Naren Seth was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcement was made on 10.02.2020. The CoC was constituted with Rutwik Sales Private Limited and Solar Copyer Limited as financial creditors. The CoC unanimously approved the resolution plan submitted by Solar Copyer Limited in its 4th meeting held on 01.01.2021 with 100% voting share. The resolution plan includes provisions for payment to various stakeholders, including financial creditors, operational creditors, employees, and
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Corporate Insolvency…
Order passed for initiation of CIRP against the…
The case involves an application filed by Mr. Naren Seth, the Resolution Professional of M/s Starlite Components Limited, seeking approval of the resolution plan under section 30(6) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Starlite Components Limited following an application by Shree Enterprises, an Operational Creditor, under Section 9 of the Code. The resolution plan was submitted by Solar Copyer Limited, the Successful Resolution Applicant (SRA), and unanimously approved by the Committee of Creditors (CoC) in its 4th meeting held on 01.01.2021 with 100% voting share.
Shree Enterprises, an Operational Creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against Starlite Components Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Naren Seth was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcement was made on 10.02.2020. The CoC was constituted with Rutwik Sales Private Limited and Solar Copyer Limited as financial creditors. The CoC unanimously approved the resolution plan submitted by Solar Copyer Limited in its 4th meeting held on 01.01.2021 with 100% voting share. The resolution plan includes provisions for payment to various stakeholders, including financial creditors, operational creditors, employees, and
…Corporate Insolvency…
Order passed for initiation of CIRP against the…