The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a resolution plan for the corporate debtor, Uttam Galva Steels Limited. The corporate insolvency resolution process (CIRP) was initiated following an application by State Bank of India, a financial creditor, under Section 7 of the Code. The application was admitted by the Tribunal on October 1, 2020, and Mr. Milind Kasodekar was appointed as the Interim Resolution Professional (IRP). The IRP then took steps to constitute the Committee of Creditors (CoC) and invite resolution plans. Several meetings of the CoC were held to discuss and approve the resolution plan. AM Mining India Private Limited submitted a resolution plan, which was subsequently
…State Bank of India, a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate corporate insolvency resolution process (CIRP) against Uttam Galva Steels Limited (Corporate Debtor). The NCLT admitted the application on October 1, 2020, and appointed Mr. Milind Kasodekar as the Interim Resolution Professional (IRP). The IRP published a public announcement and invited claims from creditors. The IRP constituted the Committee of Creditors (CoC) based on the claims received. The CoC approved the appointment of BSRR & Co. as the supporting Insolvency Professional Entity, Trilegal as the IRP/RP's legal advisor, RBSA Valuation Advisors LLP and RNC Valuecon Advisors LLP as independent valuers, and BDO India LLP as the
…Sign in to view the parties.
The Tribunal admitted the application for…
IRP receive…
The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a resolution plan for the corporate debtor, Uttam Galva Steels Limited. The corporate insolvency resolution process (CIRP) was initiated following an application by State Bank of India, a financial creditor, under Section 7 of the Code. The application was admitted by the Tribunal on October 1, 2020, and Mr. Milind Kasodekar was appointed as the Interim Resolution Professional (IRP). The IRP then took steps to constitute the Committee of Creditors (CoC) and invite resolution plans. Several meetings of the CoC were held to discuss and approve the resolution plan. AM Mining India Private Limited submitted a resolution plan, which was subsequently
…State Bank of India, a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate corporate insolvency resolution process (CIRP) against Uttam Galva Steels Limited (Corporate Debtor). The NCLT admitted the application on October 1, 2020, and appointed Mr. Milind Kasodekar as the Interim Resolution Professional (IRP). The IRP published a public announcement and invited claims from creditors. The IRP constituted the Committee of Creditors (CoC) based on the claims received. The CoC approved the appointment of BSRR & Co. as the supporting Insolvency Professional Entity, Trilegal as the IRP/RP's legal advisor, RBSA Valuation Advisors LLP and RNC Valuecon Advisors LLP as independent valuers, and BDO India LLP as the
…The Tribunal admitted the application for…
IRP receive…