The case involves two Interlocutory Applications (IAs), IA No. 2825 of 2023 and IA No. 2947 of 2023, filed in connection with 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), sought access to the Request For Resolution Plan (RFRP) and Information Memorandum (IM) to submit a resolution plan. IA No. 2947 was filed by the Resolution Professional (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.
State Bank of India (SBI), a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), leading to the admission of Bil Energy Systems Limited ('the Corporate Debtor') into Corporate Insolvency Resolution Process (CIRP) on 2022-12-09. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2022-12-13, inviting claims from creditors with a deadline of 2022-12-24. The CoC was constituted with SBI as the sole member. Form G was published on 2023-03-23, setting the last date for receipt of Expression of Interest (EoI) as 2023-04-10 and the date for issuing the provisional list of Prospective Resolution Applicants (PRAs) as 2023-04-12. The Form G clarified that the Corporate
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CP(IB) 4058 (…
Corporate Debtor…
The case involves two Interlocutory Applications (IAs), IA No. 2825 of 2023 and IA No. 2947 of 2023, filed in connection with 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), sought access to the Request For Resolution Plan (RFRP) and Information Memorandum (IM) to submit a resolution plan. IA No. 2947 was filed by the Resolution Professional (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.
State Bank of India (SBI), a Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), leading to the admission of Bil Energy Systems Limited ('the Corporate Debtor') into Corporate Insolvency Resolution Process (CIRP) on 2022-12-09. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2022-12-13, inviting claims from creditors with a deadline of 2022-12-24. The CoC was constituted with SBI as the sole member. Form G was published on 2023-03-23, setting the last date for receipt of Expression of Interest (EoI) as 2023-04-10 and the date for issuing the provisional list of Prospective Resolution Applicants (PRAs) as 2023-04-12. The Form G clarified that the Corporate
…CP(IB) 4058 (…
Corporate Debtor…