The case pertains to the dissolution of M/s HIM STEEL Private Limited, a corporate debtor, under Section 54 of the Insolvency and Bankruptcy Code, 2016. Syndicate Bank (now Canara Bank), the financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The Adjudicating Authority admitted the petition on 2019-07-15 and appointed Ms. Reshma Mittal as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors, collated the claims, and constituted the Committee of Creditors (CoC). The IRP was confirmed as Resolution Professional (RP) by the CoC. The CoC sought an extension from the Adjudicating Authority, which was allowed. A resolution plan was received but rejected by the CoC
…Syndicate Bank (now Canara Bank) initiated Corporate Insolvency Resolution Process (CIRP) against M/s HIM STEEL Private Limited. The Adjudicating Authority admitted the petition on 2019-07-15 and appointed Ms. Reshma Mittal as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors, collated the claims, and constituted the Committee of Creditors (CoC). The IRP was confirmed as Resolution Professional (RP) by the CoC. The CoC sought an extension from the Adjudicating Authority, which was allowed. A resolution plan was received but rejected by the CoC as the Resolution Plan Value was less than the Liquidation Value. The CoC proposed for Liquidation of the Corporate Debtor and proposed that the RP continue as
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The Adjudicating Authority admitted the…
A liquidation order was…
The case pertains to the dissolution of M/s HIM STEEL Private Limited, a corporate debtor, under Section 54 of the Insolvency and Bankruptcy Code, 2016. Syndicate Bank (now Canara Bank), the financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The Adjudicating Authority admitted the petition on 2019-07-15 and appointed Ms. Reshma Mittal as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors, collated the claims, and constituted the Committee of Creditors (CoC). The IRP was confirmed as Resolution Professional (RP) by the CoC. The CoC sought an extension from the Adjudicating Authority, which was allowed. A resolution plan was received but rejected by the CoC
…Syndicate Bank (now Canara Bank) initiated Corporate Insolvency Resolution Process (CIRP) against M/s HIM STEEL Private Limited. The Adjudicating Authority admitted the petition on 2019-07-15 and appointed Ms. Reshma Mittal as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors, collated the claims, and constituted the Committee of Creditors (CoC). The IRP was confirmed as Resolution Professional (RP) by the CoC. The CoC sought an extension from the Adjudicating Authority, which was allowed. A resolution plan was received but rejected by the CoC as the Resolution Plan Value was less than the Liquidation Value. The CoC proposed for Liquidation of the Corporate Debtor and proposed that the RP continue as
…The Adjudicating Authority admitted the…
A liquidation order was…