The application was filed under Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016, along with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional (RP) of Unicast Autotech Private Limited ('Corporate Debtor') sought approval of the Resolution Plan submitted by Sahuwala Cylinders Private Limited ('Successful Resolution Applicant'). The plan was approved by the Committee of Creditors (CoC) in its 11th meeting held on 23.03.2023 with 88.27% voting shares. The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was initiated on 08.07.2022, and Mr. Kanti Mohan Rustagi was appointed as the Interim
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Unicast Autotech Private Limited on 08.07.2022. Mr. Kanti Mohan Rustagi was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC) comprising Bajaj Finance Limited, ICICI Bank, and Minda Industries Limited. The CoC decided to invite prospective resolution applicants by publishing Expression of Interest/ Form G, with a submission deadline of 08.09.2022. Fourteen Expressions of Interest (EOIs) were received. The CoC extended the deadline for submitting the Resolution Plan to 10.11.2022. Four prospective resolution applicants (PRAs) submitted their resolution plans. The Resolution Plan submitted by Sahuwala Cylinders Private Limited was approved by
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Corporate Insolvency…
Mr. Kanti Mohan…
The application was filed under Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016, along with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional (RP) of Unicast Autotech Private Limited ('Corporate Debtor') sought approval of the Resolution Plan submitted by Sahuwala Cylinders Private Limited ('Successful Resolution Applicant'). The plan was approved by the Committee of Creditors (CoC) in its 11th meeting held on 23.03.2023 with 88.27% voting shares. The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was initiated on 08.07.2022, and Mr. Kanti Mohan Rustagi was appointed as the Interim
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Unicast Autotech Private Limited on 08.07.2022. Mr. Kanti Mohan Rustagi was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC) comprising Bajaj Finance Limited, ICICI Bank, and Minda Industries Limited. The CoC decided to invite prospective resolution applicants by publishing Expression of Interest/ Form G, with a submission deadline of 08.09.2022. Fourteen Expressions of Interest (EOIs) were received. The CoC extended the deadline for submitting the Resolution Plan to 10.11.2022. Four prospective resolution applicants (PRAs) submitted their resolution plans. The Resolution Plan submitted by Sahuwala Cylinders Private Limited was approved by
…Corporate Insolvency…
Mr. Kanti Mohan…