The case pertains to an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a resolution plan under Section 31(1) concerning Ispat Profiles India Ltd, the Corporate Debtor. The application was filed in the National Company Law Tribunal (NCLT), Kolkata Bench. Stressed Assets Stabilization Fund initiated the Corporate Insolvency Resolution Process (CIRP) against Ispat Profiles India Ltd under Section 7 of the IBC, which was admitted on 2019-11-28. The Resolution Professional (RP), Rajiv Kumar Agarwal, was appointed and subsequently confirmed by the Committee of Creditors (CoC). The RP issued invitations for Expression of Interest (EoI), and after several CoC meetings and revisions of resolution plans, the plan submitted by
…Stressed Assets Stabilization Fund initiated Corporate Insolvency Resolution Process (CIRP) against Ispat Profiles India Ltd (IPIL) under Section 7 of the Insolvency and Bankruptcy Code (IBC), which was admitted on 2019-11-28. Rajiv Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued invitations for Expression of Interest (EoI) from potential resolution applicants, with the last date for submission being 2020-07-01. Four prospective resolution applicants submitted EoIs. Uranus Softech Park Private Limited's EoI was initially rejected but later allowed by the Tribunal. The RP shared the request for resolution plan (RFRP), information memorandum, and evaluation matrix with the
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Company Petition in CP (IB) No. 1400/KB/2018…
Company Petition in CP…
The case pertains to an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a resolution plan under Section 31(1) concerning Ispat Profiles India Ltd, the Corporate Debtor. The application was filed in the National Company Law Tribunal (NCLT), Kolkata Bench. Stressed Assets Stabilization Fund initiated the Corporate Insolvency Resolution Process (CIRP) against Ispat Profiles India Ltd under Section 7 of the IBC, which was admitted on 2019-11-28. The Resolution Professional (RP), Rajiv Kumar Agarwal, was appointed and subsequently confirmed by the Committee of Creditors (CoC). The RP issued invitations for Expression of Interest (EoI), and after several CoC meetings and revisions of resolution plans, the plan submitted by
…Stressed Assets Stabilization Fund initiated Corporate Insolvency Resolution Process (CIRP) against Ispat Profiles India Ltd (IPIL) under Section 7 of the Insolvency and Bankruptcy Code (IBC), which was admitted on 2019-11-28. Rajiv Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued invitations for Expression of Interest (EoI) from potential resolution applicants, with the last date for submission being 2020-07-01. Four prospective resolution applicants submitted EoIs. Uranus Softech Park Private Limited's EoI was initially rejected but later allowed by the Tribunal. The RP shared the request for resolution plan (RFRP), information memorandum, and evaluation matrix with the
…Company Petition in CP (IB) No. 1400/KB/2018…
Company Petition in CP…