The case involves Corporate Insolvency Resolution Processes (CIRP) of three sister companies: Shree Sai Rolling Mills India Limited, Shree Sai Smelters India Limited, and Shree Sai Prakash Alloys Private Limited. The CIRP was initiated following an order by the Tribunal on 2019-08-23. Appeals were filed before the NCLAT and subsequently the Supreme Court, which remanded the matters back to NCLAT for fresh adjudication. The Tribunal admitted the Company Petitions on 2023-09-30. Mr. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement and invited expressions of interest (EOI) for resolution plans. Despite multiple extensions, no EOI was received. A resolution plan
…The Corporate Insolvency Resolution Process (CIRP) was initiated for Shree Sai Rolling Mills India Limited, Shree Sai Smelters India Limited, and Shree Sai Prakash Alloys Private Limited following an order by the NCLT on 2019-08-23. The Corporate Debtors (CD) appealed to the NCLAT, which allowed their appeals on 2020-06-18. The Financial Creditor (FC) then approached the Supreme Court, which allowed the appeals in favor of the FC on 2022-07-14 and remanded the matters back to NCLAT. The NCLAT dismissed the CD's appeals on 2022-09-02, and the NCLT admitted the company petitions on 2023-09-30. Mr. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 2022-10-07.
…Sign in to view the parties.
Tribunal initiated…
NCLAT allowed appeals…
The case involves Corporate Insolvency Resolution Processes (CIRP) of three sister companies: Shree Sai Rolling Mills India Limited, Shree Sai Smelters India Limited, and Shree Sai Prakash Alloys Private Limited. The CIRP was initiated following an order by the Tribunal on 2019-08-23. Appeals were filed before the NCLAT and subsequently the Supreme Court, which remanded the matters back to NCLAT for fresh adjudication. The Tribunal admitted the Company Petitions on 2023-09-30. Mr. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement and invited expressions of interest (EOI) for resolution plans. Despite multiple extensions, no EOI was received. A resolution plan
…The Corporate Insolvency Resolution Process (CIRP) was initiated for Shree Sai Rolling Mills India Limited, Shree Sai Smelters India Limited, and Shree Sai Prakash Alloys Private Limited following an order by the NCLT on 2019-08-23. The Corporate Debtors (CD) appealed to the NCLAT, which allowed their appeals on 2020-06-18. The Financial Creditor (FC) then approached the Supreme Court, which allowed the appeals in favor of the FC on 2022-07-14 and remanded the matters back to NCLAT. The NCLAT dismissed the CD's appeals on 2022-09-02, and the NCLT admitted the company petitions on 2023-09-30. Mr. Amit Pareek was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 2022-10-07.
…Tribunal initiated…
NCLAT allowed appeals…