The case pertains to an application filed by the Resolution Professional (RP) seeking liquidation orders for the Corporate Debtor, M/S. SAI BHASKAR IRONS LIMITED. The Corporate Insolvency Resolution Process (CIRP) was initiated after the Company Petition was admitted by the Tribunal on 2023-04-24. The Applicant was appointed as Interim Resolution Professional (IRP). A public announcement was issued, inviting claims from creditors. The IRP established the Committee of Creditors (CoC) and was later appointed as Resolution Professional (RP) in the first CoC meeting held on 2023-06-02 and approved by the Tribunal on 2023-06-19.
The Company Petition CP (IB)/252/9/HDB/2021 against M/S. SAI BHASKAR IRONS LIMITED was admitted into CIRP on 2023-04-24. The Applicant was appointed as Interim Resolution Professional (IRP). A public announcement was issued on 2023-05-04, inviting claims from creditors. The Committee of Creditors (CoC) was established, and the Applicant was appointed as Resolution Professional (RP) on 2023-06-02, approved by the Tribunal on 2023-06-19. The Applicant issued Public Notice in Form G calling for Expression of Interest (EoI) from Prospective Resolution Applicants (PRAs). The CoC considered the Request For Resolution Plan (RFRP) and draft Evaluation Matrix. The CoC discussed the status of Resolution Plan received and deliberated with the PRA on the deficiencies/shortfalls.
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The Company Petition CP…
The Applicant was…
The case pertains to an application filed by the Resolution Professional (RP) seeking liquidation orders for the Corporate Debtor, M/S. SAI BHASKAR IRONS LIMITED. The Corporate Insolvency Resolution Process (CIRP) was initiated after the Company Petition was admitted by the Tribunal on 2023-04-24. The Applicant was appointed as Interim Resolution Professional (IRP). A public announcement was issued, inviting claims from creditors. The IRP established the Committee of Creditors (CoC) and was later appointed as Resolution Professional (RP) in the first CoC meeting held on 2023-06-02 and approved by the Tribunal on 2023-06-19.
The Company Petition CP (IB)/252/9/HDB/2021 against M/S. SAI BHASKAR IRONS LIMITED was admitted into CIRP on 2023-04-24. The Applicant was appointed as Interim Resolution Professional (IRP). A public announcement was issued on 2023-05-04, inviting claims from creditors. The Committee of Creditors (CoC) was established, and the Applicant was appointed as Resolution Professional (RP) on 2023-06-02, approved by the Tribunal on 2023-06-19. The Applicant issued Public Notice in Form G calling for Expression of Interest (EoI) from Prospective Resolution Applicants (PRAs). The CoC considered the Request For Resolution Plan (RFRP) and draft Evaluation Matrix. The CoC discussed the status of Resolution Plan received and deliberated with the PRA on the deficiencies/shortfalls.
…The Company Petition CP…
The Applicant was…