The case involves two Interlocutory Applications (IAs), IA No. 2825 of 2023 and IA No. 2947 of 2023, filed in CP(IB) 4058(MB)/2019. IA No. 2825 challenges the resolution passed by the Committee of Creditors (CoC) of Bil Energy Systems Limited ('the Corporate Debtor') to initiate a liquidation process. The applicant, Mayank Goyal, a prospective resolution applicant (PRA), seeks to direct the Resolution Professional (RP) to provide the Request For Resolution Plan (RFRP) and Information Memorandum (IM) to enable submission of a resolution plan. IA No. 2947 is filed by the RP seeking an order under Section 33 of the Insolvency and Bankruptcy Code, 2016, for the commencement of the liquidation process and appointment of the RP as liquidator. The Corporate Insolvency
…State Bank of India (SBI), a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) for Bil Energy Systems Limited ('the Corporate Debtor') on 09.12.2022. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 13.12.2022, with a deadline of 24.12.2022 for creditors to submit claims. SBI was the sole member of the Committee of Creditors (CoC). Form G was published on 23.03.2023, setting the last date for receipt of Expression of Interest (EoI) as 10.04.2023 and the date for issuing the provisional list of Prospective Resolution Applicants (PRAs) as 12.04.2023. The Corporate Debtor had not been a
…Sign in to view the parties.
State Bank of India (SBI) obtained orders…
Corporate Insolvency Resolution Process (CIRP)…
The case involves two Interlocutory Applications (IAs), IA No. 2825 of 2023 and IA No. 2947 of 2023, filed in CP(IB) 4058(MB)/2019. IA No. 2825 challenges the resolution passed by the Committee of Creditors (CoC) of Bil Energy Systems Limited ('the Corporate Debtor') to initiate a liquidation process. The applicant, Mayank Goyal, a prospective resolution applicant (PRA), seeks to direct the Resolution Professional (RP) to provide the Request For Resolution Plan (RFRP) and Information Memorandum (IM) to enable submission of a resolution plan. IA No. 2947 is filed by the RP seeking an order under Section 33 of the Insolvency and Bankruptcy Code, 2016, for the commencement of the liquidation process and appointment of the RP as liquidator. The Corporate Insolvency
…State Bank of India (SBI), a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) for Bil Energy Systems Limited ('the Corporate Debtor') on 09.12.2022. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 13.12.2022, with a deadline of 24.12.2022 for creditors to submit claims. SBI was the sole member of the Committee of Creditors (CoC). Form G was published on 23.03.2023, setting the last date for receipt of Expression of Interest (EoI) as 10.04.2023 and the date for issuing the provisional list of Prospective Resolution Applicants (PRAs) as 12.04.2023. The Corporate Debtor had not been a
…State Bank of India (SBI) obtained orders…
Corporate Insolvency Resolution Process (CIRP)…