The case pertains to a Company Application filed by the Liquidator of Shree Ganesh EPC Private Limited, the Corporate Debtor, under Sections 230-232 of the Companies Act, 2013, read with the Insolvency and Bankruptcy Code, 2016, and related regulations. The application seeks to convene meetings of creditors/stakeholders to consider a Scheme of Arrangement proposed by Mr. N. Azhagappan and Rajalakshmi Wind Energy Limited (RWEL), and Mr. S. Ramanathan and Mr. M. Karunanithi. The CIRP was initiated on 06.09.2019, and liquidation was ordered on 17.01.2022. The applicant issued a publication inviting a Scheme of Compromise on 01.02.2022, with a submission deadline of 05.03.2022, receiving Expressions of Interest from two bidders.
The Corporate Debtor, Shree Ganesh EPC Private Limited, is undergoing liquidation. The CIRP was initiated on 06.09.2019, and liquidation was ordered on 17.01.2022. The Liquidator filed an application seeking to convene meetings of creditors/stakeholders to consider a Scheme of Arrangement proposed by Mr. N. Azhagappan and Rajalakshmi Wind Energy Limited (RWEL), and Mr. S. Ramanathan and Mr. M. Karunanithi. The Liquidator had issued a publication inviting a Scheme of Compromise on 01.02.2022, with a submission deadline of 05.03.2022, receiving Expressions of Interest from two bidders. A previous application, CA(CAA)/45(CHE)/2022, was withdrawn. The Stakeholders Consultation Committee (SCC) was constituted. The stakeholders are agreeable to the compromise and
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CIRP in respec…
Liquidation was…
The case pertains to a Company Application filed by the Liquidator of Shree Ganesh EPC Private Limited, the Corporate Debtor, under Sections 230-232 of the Companies Act, 2013, read with the Insolvency and Bankruptcy Code, 2016, and related regulations. The application seeks to convene meetings of creditors/stakeholders to consider a Scheme of Arrangement proposed by Mr. N. Azhagappan and Rajalakshmi Wind Energy Limited (RWEL), and Mr. S. Ramanathan and Mr. M. Karunanithi. The CIRP was initiated on 06.09.2019, and liquidation was ordered on 17.01.2022. The applicant issued a publication inviting a Scheme of Compromise on 01.02.2022, with a submission deadline of 05.03.2022, receiving Expressions of Interest from two bidders.
The Corporate Debtor, Shree Ganesh EPC Private Limited, is undergoing liquidation. The CIRP was initiated on 06.09.2019, and liquidation was ordered on 17.01.2022. The Liquidator filed an application seeking to convene meetings of creditors/stakeholders to consider a Scheme of Arrangement proposed by Mr. N. Azhagappan and Rajalakshmi Wind Energy Limited (RWEL), and Mr. S. Ramanathan and Mr. M. Karunanithi. The Liquidator had issued a publication inviting a Scheme of Compromise on 01.02.2022, with a submission deadline of 05.03.2022, receiving Expressions of Interest from two bidders. A previous application, CA(CAA)/45(CHE)/2022, was withdrawn. The Stakeholders Consultation Committee (SCC) was constituted. The stakeholders are agreeable to the compromise and
…CIRP in respec…
Liquidation was…