The case involves an application (I.A. NO. 1030 OF 2024) filed in the Corporate Insolvency Resolution Process (CIRP) of M/s Sinnar Thermal Power Limited. The CIRP was initiated based on an application filed by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Adarsh Sharma was appointed as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC) resolved to replace Mr. Adarsh Sharma with Mr. Rahul Jindal as the Resolution Professional (RP).
M/s Shapoorji Pallonji & Co. Pvt. Ltd. is the Operational Creditor. M/s Sinnar Thermal Power Limited is the Corporate Debtor. Mr. Adarsh Sharma was initially appointed as the Interim Resolution Professional (IRP) after the initiation of Corporate Insolvency Resolution Process (CIRP) against Sinnar Thermal Power Limited based on Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commencement was publicly announced on 21.09.2022. One of the Suspended Directors of the Corporate Debtor filed an appeal before the NCLAT, which initially stayed the CIRP. The stay was later vacated on 19.01.2024. The Committee of Creditors (CoC) was constituted on 06.02.2024. In a meeting held on 15.02.2024, the CoC resolved to replace Mr. Adarsh Sharma with Mr. Rahul
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The case involves an application (I.A. NO. 1030 OF 2024) filed in the Corporate Insolvency Resolution Process (CIRP) of M/s Sinnar Thermal Power Limited. The CIRP was initiated based on an application filed by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Adarsh Sharma was appointed as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC) resolved to replace Mr. Adarsh Sharma with Mr. Rahul Jindal as the Resolution Professional (RP).
M/s Shapoorji Pallonji & Co. Pvt. Ltd. is the Operational Creditor. M/s Sinnar Thermal Power Limited is the Corporate Debtor. Mr. Adarsh Sharma was initially appointed as the Interim Resolution Professional (IRP) after the initiation of Corporate Insolvency Resolution Process (CIRP) against Sinnar Thermal Power Limited based on Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commencement was publicly announced on 21.09.2022. One of the Suspended Directors of the Corporate Debtor filed an appeal before the NCLAT, which initially stayed the CIRP. The stay was later vacated on 19.01.2024. The Committee of Creditors (CoC) was constituted on 06.02.2024. In a meeting held on 15.02.2024, the CoC resolved to replace Mr. Adarsh Sharma with Mr. Rahul
…The Adjudicating Authority initiated Corporate…
Public announcement…
Sign in to view related legal provisions.