The application IA 2905 of 2022 was filed in CP (IB) 2067/MB/C-I/2019 under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan for National Steel and Agro Industries Limited. The CIRP was initiated following an application by JM Financial Assets Reconstruction Co. Ltd, a financial creditor, under Section 7 of the Code. The resolution professional, Dushyant C Dave, sought approval for the resolution plan submitted by JSW Steel Coated Products Limited, which was approved by 100% of the Committee of Creditors (CoC) in their 9th meeting held on 06.10.2022.
JM Financial Assets Reconstruction Co. Ltd initiated CIRP against National Steel and Agro Industries Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on April 11, 2022, and Dushyant C Dave was appointed as the Interim Resolution Professional (IRP). The CoC, consisting solely of JM Financial Assets Reconstruction Co. Ltd, approved Dushyant C Dave as the Resolution Professional (RP). The RP received one resolution plan from JSW Steel Coated Products Limited, which was approved by the CoC with a 100% voting share on October 6, 2022. The resolution plan proposed a total resolution amount of INR 621,00,00,000. The RP appointed Protocol Valuers Private Limited and Kzen Valtech Private Limited as registered valuers, who
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Company Petition No.…
Application admitted by the Tribunal, CIRP…
The application IA 2905 of 2022 was filed in CP (IB) 2067/MB/C-I/2019 under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan for National Steel and Agro Industries Limited. The CIRP was initiated following an application by JM Financial Assets Reconstruction Co. Ltd, a financial creditor, under Section 7 of the Code. The resolution professional, Dushyant C Dave, sought approval for the resolution plan submitted by JSW Steel Coated Products Limited, which was approved by 100% of the Committee of Creditors (CoC) in their 9th meeting held on 06.10.2022.
JM Financial Assets Reconstruction Co. Ltd initiated CIRP against National Steel and Agro Industries Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on April 11, 2022, and Dushyant C Dave was appointed as the Interim Resolution Professional (IRP). The CoC, consisting solely of JM Financial Assets Reconstruction Co. Ltd, approved Dushyant C Dave as the Resolution Professional (RP). The RP received one resolution plan from JSW Steel Coated Products Limited, which was approved by the CoC with a 100% voting share on October 6, 2022. The resolution plan proposed a total resolution amount of INR 621,00,00,000. The RP appointed Protocol Valuers Private Limited and Kzen Valtech Private Limited as registered valuers, who
…Company Petition No.…
Application admitted by the Tribunal, CIRP…