This case involves an application (IA/09(MP)2023) filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016, by Entegra Limited. Entegra sought a direction to remove Mr. Apoorv Sarvaria (Respondent No. 2) as the Resolution Professional (RP) of Shree Maheshwar Hydel Power Corporation Limited (Respondent No. 1). The application also aimed to reconstitute the Committee of Creditors (CoC) by including the claim of the Applicant and removing Respondent Nos. 4 to 7 from the CoC. The Corporate Insolvency Resolution Process (CIRP) was initiated against Shree Maheshwar Hydel Power Corporation Limited based on an application under section 7 filed by Power Finance Corporation Limited (PFC). The company was admitted into
…Entegra Limited filed an application IA/09(MP)2023 under Section 60(5) of the IBC seeking the removal of Mr. Apoorv Sarvaria as the Resolution Professional (RP) of Shree Maheshwar Hydel Power Corporation Limited and the reconstitution of the Committee of Creditors (CoC). Power Finance Corporation Limited (PFC) had previously filed an application under Section 7 of the IBC, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against Shree Maheshwar Hydel Power Corporation Limited. The Adjudicating Authority, Kolkata Bench, admitted the company into CIRP. Mr. Apoorv Sarvaria was appointed as the Interim Resolution Professional (IRP). The IRP constituted the CoC, including PFC, HUDCO, REC, IFCI, and HUDCO, with varying voting shares. Entegra
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Shree Maheshwar Hydel Power Corporation…
Mr. Apoorv Sarvaria was appointed as the…
This case involves an application (IA/09(MP)2023) filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016, by Entegra Limited. Entegra sought a direction to remove Mr. Apoorv Sarvaria (Respondent No. 2) as the Resolution Professional (RP) of Shree Maheshwar Hydel Power Corporation Limited (Respondent No. 1). The application also aimed to reconstitute the Committee of Creditors (CoC) by including the claim of the Applicant and removing Respondent Nos. 4 to 7 from the CoC. The Corporate Insolvency Resolution Process (CIRP) was initiated against Shree Maheshwar Hydel Power Corporation Limited based on an application under section 7 filed by Power Finance Corporation Limited (PFC). The company was admitted into
…Entegra Limited filed an application IA/09(MP)2023 under Section 60(5) of the IBC seeking the removal of Mr. Apoorv Sarvaria as the Resolution Professional (RP) of Shree Maheshwar Hydel Power Corporation Limited and the reconstitution of the Committee of Creditors (CoC). Power Finance Corporation Limited (PFC) had previously filed an application under Section 7 of the IBC, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against Shree Maheshwar Hydel Power Corporation Limited. The Adjudicating Authority, Kolkata Bench, admitted the company into CIRP. Mr. Apoorv Sarvaria was appointed as the Interim Resolution Professional (IRP). The IRP constituted the CoC, including PFC, HUDCO, REC, IFCI, and HUDCO, with varying voting shares. Entegra
…Shree Maheshwar Hydel Power Corporation…
Mr. Apoorv Sarvaria was appointed as the…