The case pertains to an application under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan for MSP Metallics Limited. The corporate insolvency resolution process (CIRP) was initiated following a petition filed by Central Bank of India, later assigned to CFM Asset Reconstruction Private Limited. The resolution professional (RP), Meena Sureka, moved the application after the Committee of Creditors (CoC) approved the resolution plan submitted by Orissa Metaliks Private Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against MSP Metallics Limited following a petition filed by Central Bank of India, which was later assigned to CFM Asset Reconstruction Private Limited. Meena Sureka was appointed as the Resolution Professional (RP). The RP constituted the Committee of Creditors (CoC), which held 11 meetings. Invitations for Expression of Interest (EoIs) were issued, and six prospective resolution applicants submitted EoIs. Orissa Metaliks Private Limited submitted a resolution plan, which was approved by the CoC with 100% voting share. The RP filed an application under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan. The resolution plan proposed a
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Underlying Company Petition in C.P. (IB) No.…
Central Bank of India assigned the petition to…
The case pertains to an application under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan for MSP Metallics Limited. The corporate insolvency resolution process (CIRP) was initiated following a petition filed by Central Bank of India, later assigned to CFM Asset Reconstruction Private Limited. The resolution professional (RP), Meena Sureka, moved the application after the Committee of Creditors (CoC) approved the resolution plan submitted by Orissa Metaliks Private Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against MSP Metallics Limited following a petition filed by Central Bank of India, which was later assigned to CFM Asset Reconstruction Private Limited. Meena Sureka was appointed as the Resolution Professional (RP). The RP constituted the Committee of Creditors (CoC), which held 11 meetings. Invitations for Expression of Interest (EoIs) were issued, and six prospective resolution applicants submitted EoIs. Orissa Metaliks Private Limited submitted a resolution plan, which was approved by the CoC with 100% voting share. The RP filed an application under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan. The resolution plan proposed a
…Underlying Company Petition in C.P. (IB) No.…
Central Bank of India assigned the petition to…