The case involves an application filed by the Resolution Professional (RP) of SKP Steel Industries Private Limited, with the approval of the Committee of Creditors (CoC), seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against SKP Steel Industries Private Limited following a petition filed by Parag Sales Corporation under section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Uday Narayan Mitra was initially appointed as the Interim Resolution Professional (IRP), but was later replaced by Mr. Soumitra Lahiri, the current applicant, as the Resolution Professional (RP).
SKP Steel Industries Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following a petition by Parag Sales Corporation under Section 9 of the Insolvency and Bankruptcy Code (IBC). Uday Narayan Mitra was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Soumitra Lahiri as the Resolution Professional (RP). Public announcement of the CIRP was made on February 11, 2021, in Financial Express and Ekdin newspapers. The Committee of Creditors (CoC) was duly constituted with seven financial creditors. Two resolution plans were received but deemed unsatisfactory by the CoC. The CIRP period was set to end on May 4, 2022. In a meeting dated March 9, 2022, the CoC, with a 94.94% voting share, approved the liquidation
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The case involves an application filed by the Resolution Professional (RP) of SKP Steel Industries Private Limited, with the approval of the Committee of Creditors (CoC), seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against SKP Steel Industries Private Limited following a petition filed by Parag Sales Corporation under section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Uday Narayan Mitra was initially appointed as the Interim Resolution Professional (IRP), but was later replaced by Mr. Soumitra Lahiri, the current applicant, as the Resolution Professional (RP).
SKP Steel Industries Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following a petition by Parag Sales Corporation under Section 9 of the Insolvency and Bankruptcy Code (IBC). Uday Narayan Mitra was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Soumitra Lahiri as the Resolution Professional (RP). Public announcement of the CIRP was made on February 11, 2021, in Financial Express and Ekdin newspapers. The Committee of Creditors (CoC) was duly constituted with seven financial creditors. Two resolution plans were received but deemed unsatisfactory by the CoC. The CIRP period was set to end on May 4, 2022. In a meeting dated March 9, 2022, the CoC, with a 94.94% voting share, approved the liquidation
…Adjudicating Authority directed initiation of…
Public announcement of…