The case pertains to an application filed by Mr. Sudip Bhattacharya, the Resolution Professional (RP) of Reliance Naval & Engineering Limited, seeking approval of the resolution plan under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor, Reliance Naval & Engineering Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 15.01.2020, following an application by IDBI Bank Limited under Section 7 of the IBC. Mr. Rajeev Bal Sawangikar was initially appointed as the Interim Resolution Professional (IRP), later replaced by the current RP. The Committee of Creditors (CoC) was formed, comprising 22 financial creditors. The RP invited Expressions of Interest (EOIs) from prospective
…The Corporate Debtor, Reliance Naval & Engineering Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 15.01.2020, based on an application filed by the financial creditor, IDBI Bank Limited, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Initially, Mr. Rajeev Bal Sawangikar was appointed as the Interim Resolution Professional (IRP), but he was later replaced by Mr. Sudip Bhattacharya. A Committee of Creditors (CoC) was constituted, comprising 22 financial creditors. The Resolution Professional (RP) invited Expressions of Interest (EOIs) from prospective resolution applicants, and after several modifications to the eligibility criteria, three EOIs were received from Jindal Steel and Power Limited, Hazel Mercantile
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Reliance Naval & Engineering Limited was…
The 2nd Commi…
The case pertains to an application filed by Mr. Sudip Bhattacharya, the Resolution Professional (RP) of Reliance Naval & Engineering Limited, seeking approval of the resolution plan under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor, Reliance Naval & Engineering Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 15.01.2020, following an application by IDBI Bank Limited under Section 7 of the IBC. Mr. Rajeev Bal Sawangikar was initially appointed as the Interim Resolution Professional (IRP), later replaced by the current RP. The Committee of Creditors (CoC) was formed, comprising 22 financial creditors. The RP invited Expressions of Interest (EOIs) from prospective
…The Corporate Debtor, Reliance Naval & Engineering Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 15.01.2020, based on an application filed by the financial creditor, IDBI Bank Limited, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Initially, Mr. Rajeev Bal Sawangikar was appointed as the Interim Resolution Professional (IRP), but he was later replaced by Mr. Sudip Bhattacharya. A Committee of Creditors (CoC) was constituted, comprising 22 financial creditors. The Resolution Professional (RP) invited Expressions of Interest (EOIs) from prospective resolution applicants, and after several modifications to the eligibility criteria, three EOIs were received from Jindal Steel and Power Limited, Hazel Mercantile
…Reliance Naval & Engineering Limited was…
The 2nd Commi…