The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Dharani Sugars and Chemicals Limited. The CIRP was initiated on 2021-07-29. An appeal was filed by the suspended director of the Corporate Debtor before the NCLAT, which initially directed the IRP to defer the first CoC meeting. Subsequently, the NCLAT vacated the interim order and directed the IRP to proceed further. The IRP convened the first CoC meeting on 2022-05-02 and filed an application for exclusion of CIRP period, which was allowed. The IRP issued Form G inviting Expression of Interest and received 7 Eols, which were shortlisted. Four Resolution Plans were received and opened in the third CoC meeting. The CoC approved the replacement of the IRP with the current applicant. The CIRP
…The Corporate Insolvency Resolution Process (CIRP) for Dharani Sugars and Chemicals Limited was initiated on 2021-07-29. Mr. S. Rajendran was initially appointed as the Interim Resolution Professional (IRP). The suspended Director of the Corporate Debtor appealed to the NCLAT, which directed the IRP to defer the first Committee of Creditors (CoC) meeting. Subsequently, the NCLAT vacated the interim order, allowing the IRP to proceed. The first CoC meeting was convened on 2022-05-02. An application for exclusion of the CIRP period was filed and allowed. The IRP issued Form G, inviting Expressions of Interest (Eols) and received seven Eols, which were shortlisted. Four Resolution Plans were received on 2022-07-26. The CoC approved the replacement of Mr. S. Rajendran with
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
NCLAT directs…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Dharani Sugars and Chemicals Limited. The CIRP was initiated on 2021-07-29. An appeal was filed by the suspended director of the Corporate Debtor before the NCLAT, which initially directed the IRP to defer the first CoC meeting. Subsequently, the NCLAT vacated the interim order and directed the IRP to proceed further. The IRP convened the first CoC meeting on 2022-05-02 and filed an application for exclusion of CIRP period, which was allowed. The IRP issued Form G inviting Expression of Interest and received 7 Eols, which were shortlisted. Four Resolution Plans were received and opened in the third CoC meeting. The CoC approved the replacement of the IRP with the current applicant. The CIRP
…The Corporate Insolvency Resolution Process (CIRP) for Dharani Sugars and Chemicals Limited was initiated on 2021-07-29. Mr. S. Rajendran was initially appointed as the Interim Resolution Professional (IRP). The suspended Director of the Corporate Debtor appealed to the NCLAT, which directed the IRP to defer the first Committee of Creditors (CoC) meeting. Subsequently, the NCLAT vacated the interim order, allowing the IRP to proceed. The first CoC meeting was convened on 2022-05-02. An application for exclusion of the CIRP period was filed and allowed. The IRP issued Form G, inviting Expressions of Interest (Eols) and received seven Eols, which were shortlisted. Four Resolution Plans were received on 2022-07-26. The CoC approved the replacement of Mr. S. Rajendran with
…Corporate Insolvency Resolution Process…
NCLAT directs…