This application was filed by the Resolution Professional on behalf of the Committee of Creditors seeking approval of the Resolution Plan submitted by Six Sigma Investment Funds (SSIF) for the Corporate Debtor, which was approved by 81.74% of the CoC's voting share. The application also addresses other interlocutory applications related to claims, information requests, and provisional attachment orders.
The Corporate Insolvency Resolution Process ( CIRP ) for Gangakhed Sugar & Energy Limited (Corporate Debtor) was initiated by an admission order dated October 10, 2019, following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by UCO Bank (Financial Creditor). Mr. Ankur Kumar was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) on December 7, 2019. The IRP published a public announcement on October 16, 2019, inviting claims from various creditors, and the CoC was constituted on November 6, 2019. The Resolution Professional received resolution plans from M/s. Six Sigma Investment Funds (SSIF) and M/s. Twentyone Sugars Limited
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Corporate Insolvency Resolution Process (CIRP)…
The IRP published a…
This application was filed by the Resolution Professional on behalf of the Committee of Creditors seeking approval of the Resolution Plan submitted by Six Sigma Investment Funds (SSIF) for the Corporate Debtor, which was approved by 81.74% of the CoC's voting share. The application also addresses other interlocutory applications related to claims, information requests, and provisional attachment orders.
The Corporate Insolvency Resolution Process ( CIRP ) for Gangakhed Sugar & Energy Limited (Corporate Debtor) was initiated by an admission order dated October 10, 2019, following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by UCO Bank (Financial Creditor). Mr. Ankur Kumar was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) on December 7, 2019. The IRP published a public announcement on October 16, 2019, inviting claims from various creditors, and the CoC was constituted on November 6, 2019. The Resolution Professional received resolution plans from M/s. Six Sigma Investment Funds (SSIF) and M/s. Twentyone Sugars Limited
…Corporate Insolvency Resolution Process (CIRP)…
The IRP published a…