The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Mangal Iron Pvt Ltd. The CIRP was initiated by the NCLT Mumbai Bench on 19.07.2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP) and later appointed as the Resolution Professional (RP) by the Committee of Creditors (COC). The IRP published a public announcement on 27.07.2018 inviting claims from creditors. The resolution plan submitted by M/s. Mohit Steel Industries Pvt. Ltd. was approved by the COC with 86.69% voting share.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Mangal Iron Pvt Ltd on 19.07.2018 by the NCLT Mumbai Bench under Section 7 of the Insolvency and Bankruptcy Code, 2016. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The IRP made a public announcement on 27.07.2018 to invite claims from creditors. The Committee of Creditors (COC) was constituted, and it received one Expression of Interest (EOI) from a Prospective Resolution Applicant (PRA). The RP appointed two Registered Valuers to determine the Fair Value (FV) and Liquidation Value (LV) of the Corporate Debtor. The average Fair Market Value (FMV) was Rs. 337.07 lacs, and the average Liquidation Value (LV) was Rs. 298.13
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Corporate Insolvency Resolution Process (CIRP)…
IRP published a public…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Mangal Iron Pvt Ltd. The CIRP was initiated by the NCLT Mumbai Bench on 19.07.2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP) and later appointed as the Resolution Professional (RP) by the Committee of Creditors (COC). The IRP published a public announcement on 27.07.2018 inviting claims from creditors. The resolution plan submitted by M/s. Mohit Steel Industries Pvt. Ltd. was approved by the COC with 86.69% voting share.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Mangal Iron Pvt Ltd on 19.07.2018 by the NCLT Mumbai Bench under Section 7 of the Insolvency and Bankruptcy Code, 2016. Anuj Bajpai was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The IRP made a public announcement on 27.07.2018 to invite claims from creditors. The Committee of Creditors (COC) was constituted, and it received one Expression of Interest (EOI) from a Prospective Resolution Applicant (PRA). The RP appointed two Registered Valuers to determine the Fair Value (FV) and Liquidation Value (LV) of the Corporate Debtor. The average Fair Market Value (FMV) was Rs. 337.07 lacs, and the average Liquidation Value (LV) was Rs. 298.13
…Corporate Insolvency Resolution Process (CIRP)…
IRP published a public…