The Resolution Professional (RP) of M/s. Sindhura Paper Private Limited (the Corporate Debtor) sought approval of the Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated on 07.03.2022, and Ms. Narala Varalakshmi was appointed as Interim Resolution Professional (IRP). The IRP made a public announcement on 10.03.2022, inviting claims from creditors. Claims amounting to Rs.90,38,79,328/- were received and admitted. The IRP constituted a Committee of Creditors (CoC) with three members: State Bank of India (48.60%), Union Bank of India (26.77%), and India Bank (24.63%). The IRP was replaced by Mr. B. Naga Bhushan as Resolution Professional (RP) on 04.04.2022. The CoC approved eligibility criteria for Prospective Resolution Applicants (PRAs) and
…The Corporate Debtor, M/s. Sindhura Paper Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Amaravati Bench. Ms. Narala Varalakshmi was initially appointed as the Interim Resolution Professional (IRP) and later replaced by Mr. B. Naga Bhushan as the Resolution Professional (RP). A public announcement was made to invite claims from creditors, and claims amounting to Rs.90,38,79,328/- were admitted. A Committee of Creditors (CoC) was formed, consisting of State Bank of India, Union Bank of India, and India Bank. The CoC conducted multiple meetings to evaluate Prospective Resolution Applicants (PRAs) and their resolution plans. M/s. Trinox Infrastructure and Developers Private Limited submitted a Resolution Plan that was
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NCLT directed initiation of Corporate…
IRP made a public…
The Resolution Professional (RP) of M/s. Sindhura Paper Private Limited (the Corporate Debtor) sought approval of the Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated on 07.03.2022, and Ms. Narala Varalakshmi was appointed as Interim Resolution Professional (IRP). The IRP made a public announcement on 10.03.2022, inviting claims from creditors. Claims amounting to Rs.90,38,79,328/- were received and admitted. The IRP constituted a Committee of Creditors (CoC) with three members: State Bank of India (48.60%), Union Bank of India (26.77%), and India Bank (24.63%). The IRP was replaced by Mr. B. Naga Bhushan as Resolution Professional (RP) on 04.04.2022. The CoC approved eligibility criteria for Prospective Resolution Applicants (PRAs) and
…The Corporate Debtor, M/s. Sindhura Paper Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Amaravati Bench. Ms. Narala Varalakshmi was initially appointed as the Interim Resolution Professional (IRP) and later replaced by Mr. B. Naga Bhushan as the Resolution Professional (RP). A public announcement was made to invite claims from creditors, and claims amounting to Rs.90,38,79,328/- were admitted. A Committee of Creditors (CoC) was formed, consisting of State Bank of India, Union Bank of India, and India Bank. The CoC conducted multiple meetings to evaluate Prospective Resolution Applicants (PRAs) and their resolution plans. M/s. Trinox Infrastructure and Developers Private Limited submitted a Resolution Plan that was
…NCLT directed initiation of Corporate…
IRP made a public…