The application was filed under Section 60(5)(a) of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, by the Chairperson of the Monitoring Committee, who was also the Resolution Professional of Suzuki Textile Limited (Corporate Debtor). The application sought an extension of the implementation period of the Resolution Plan, which was approved by the Adjudicating Authority on 18.01.2023. The main petition was filed under Section 9 of the IBC by the Operational Creditor seeking Corporate Insolvency Resolution Process (CIRP), which was admitted by the Adjudicating Authority on 31.01.2022. The Committee of Creditors (CoC) approved the Resolution Plan submitted by M/s Sai Leela Synthetics Pvt Ltd. (Successful Resolution Applicant), which
…Sangam (India) Limited is the Operational Creditor. Suzuki Textile Limited is the Corporate Debtor. The Chairperson of the Monitoring Committee filed an application seeking an extension of the implementation period of the Resolution Plan. The Resolution Plan was approved by the Adjudicating Authority on 18.01.2023. The main petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by the Operational Creditor seeking Corporate Insolvency Resolution Process (CIRP), which was admitted by the Adjudicating Authority on 31.01.2022. The Committee of Creditors (CoC) approved the Resolution Plan submitted by M/s Sai Leela Synthetics Pvt Ltd. (Successful Resolution Applicant) which was subsequently approved by the Adjudicating Authority on 18.01.2023. The
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The application was filed under Section 60(5)(a) of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, by the Chairperson of the Monitoring Committee, who was also the Resolution Professional of Suzuki Textile Limited (Corporate Debtor). The application sought an extension of the implementation period of the Resolution Plan, which was approved by the Adjudicating Authority on 18.01.2023. The main petition was filed under Section 9 of the IBC by the Operational Creditor seeking Corporate Insolvency Resolution Process (CIRP), which was admitted by the Adjudicating Authority on 31.01.2022. The Committee of Creditors (CoC) approved the Resolution Plan submitted by M/s Sai Leela Synthetics Pvt Ltd. (Successful Resolution Applicant), which
…Sangam (India) Limited is the Operational Creditor. Suzuki Textile Limited is the Corporate Debtor. The Chairperson of the Monitoring Committee filed an application seeking an extension of the implementation period of the Resolution Plan. The Resolution Plan was approved by the Adjudicating Authority on 18.01.2023. The main petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by the Operational Creditor seeking Corporate Insolvency Resolution Process (CIRP), which was admitted by the Adjudicating Authority on 31.01.2022. The Committee of Creditors (CoC) approved the Resolution Plan submitted by M/s Sai Leela Synthetics Pvt Ltd. (Successful Resolution Applicant) which was subsequently approved by the Adjudicating Authority on 18.01.2023. The
…The Adjudicating…
The Adjudicating…