The case involves an application filed under Section 60(5)(a) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, by the Chairperson of the Monitoring Committee of M/s Suzuki Textiles Private Limited, seeking an extension of time to implement the Resolution Plan. An earlier application under Section 9 of the Code was filed by M/s Sangam (India) Limited for initiating CIRP against the Corporate Debtor, M/s Suzuki Textile Limited. This application was admitted on 2022-01-31, and Mr. Prashant Agrawal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) approved a Resolution Plan submitted by M/s Sai Leela Synthetics Pvt. Ltd., which was approved by the Adjudicating
…M/s Sangam (India) Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Suzuki Textile Limited, the Corporate Debtor. The Adjudicating Authority admitted the application on 2022-01-31 and appointed Mr. Prashant Agrawal as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC) approved a Resolution Plan submitted by M/s Sai Leela Synthetics Pvt. Ltd., which was approved by the Adjudicating Authority on 2023-01-18. The Chairperson of the Monitoring Committee of M/s Suzuki Textiles Private Limited filed an application seeking an extension of time to implement the Resolution Plan, as the initial 120-day period granted by
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The Adjudicating Authority admitted the…
The Adjudicating Authority approved the…
The case involves an application filed under Section 60(5)(a) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, by the Chairperson of the Monitoring Committee of M/s Suzuki Textiles Private Limited, seeking an extension of time to implement the Resolution Plan. An earlier application under Section 9 of the Code was filed by M/s Sangam (India) Limited for initiating CIRP against the Corporate Debtor, M/s Suzuki Textile Limited. This application was admitted on 2022-01-31, and Mr. Prashant Agrawal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) approved a Resolution Plan submitted by M/s Sai Leela Synthetics Pvt. Ltd., which was approved by the Adjudicating
…M/s Sangam (India) Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Suzuki Textile Limited, the Corporate Debtor. The Adjudicating Authority admitted the application on 2022-01-31 and appointed Mr. Prashant Agrawal as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC) approved a Resolution Plan submitted by M/s Sai Leela Synthetics Pvt. Ltd., which was approved by the Adjudicating Authority on 2023-01-18. The Chairperson of the Monitoring Committee of M/s Suzuki Textiles Private Limited filed an application seeking an extension of time to implement the Resolution Plan, as the initial 120-day period granted by
…The Adjudicating Authority admitted the…
The Adjudicating Authority approved the…