The case pertains to the approval of a resolution plan for Cleanopolis Energy Systems India Private Limited under the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 7 of the Code. Mr. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC), consisting of financial creditors, was constituted. The RP presented the fair value and liquidation value of the company's assets. The RP received Expression of Interests (EOIs) from prospective resolution applicants. The CoC decided to follow the Swiss channel method
…Cleanopolis Energy Systems India Private Limited underwent Corporate Insolvency Resolution Process (CIRP) after an application was admitted under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made public announcements inviting claims from creditors. The Committee of Creditors (CoC), consisting of financial creditors, was constituted. The RP provided the fair value and liquidation value of the company's assets. The CoC met eleven times during the CIRP. The CoC decided to follow the Swiss channel method for bidding. Mr. Ikramul Majid in consortium with Kalpa Infinity Ventures LLP & Amit Jain (CONSORTIUM) submitted a
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The case pertains to the approval of a resolution plan for Cleanopolis Energy Systems India Private Limited under the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 7 of the Code. Mr. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC), consisting of financial creditors, was constituted. The RP presented the fair value and liquidation value of the company's assets. The RP received Expression of Interests (EOIs) from prospective resolution applicants. The CoC decided to follow the Swiss channel method
…Cleanopolis Energy Systems India Private Limited underwent Corporate Insolvency Resolution Process (CIRP) after an application was admitted under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made public announcements inviting claims from creditors. The Committee of Creditors (CoC), consisting of financial creditors, was constituted. The RP provided the fair value and liquidation value of the company's assets. The CoC met eleven times during the CIRP. The CoC decided to follow the Swiss channel method for bidding. Mr. Ikramul Majid in consortium with Kalpa Infinity Ventures LLP & Amit Jain (CONSORTIUM) submitted a
…Tribunal admitted the…
Public announcement inviting claims from…