The case involves an application (IA (IBC)/1924/2023) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against XL Energy Limited (CP (IB) No. 16/7/HDB/2023) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant, Dhanadeep Consultants Pvt. Ltd., sought directives from the NCLT to compel the Resolution Professional and Committee of Creditors (CoC) to accept its resolution plan, condone delays in submission, and call a CoC meeting for consideration. The applicant claims that despite submitting an Expression of Interest (EoI) and earnest money deposit (EMD), access to the data room was delayed, hindering the formulation of a compliant resolution plan within the stipulated timeline. The Resolution Professional
…Invent Assets Securitization and Reconstruction Pvt. Ltd. initiated Corporate Insolvency Resolution Process (CIRP) against XL Energy Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The NCLT admitted XL Energy Limited into CIRP on 2023-03-27. Dhanadeep Consultants Pvt. Ltd. submitted an Expression of Interest (EoI) and paid an earnest money deposit (EMD) of Rs. 5,00,000. The Resolution Professional published Form-G on 2023-09-08, setting 2023-09-22 as the deadline for EoI submission. Dhanadeep Consultants submitted its EoI on 2023-09-22. The final list of Prospective Resolution Applicants (PRAs) was issued on 2023-09-30, with Dhanadeep Consultants listed at serial No. 8. Access to the data room was granted to Dhanadeep Consultants on
…Sign in to view the parties.
XL Energy Limited…
Form-G inviting…
The case involves an application (IA (IBC)/1924/2023) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against XL Energy Limited (CP (IB) No. 16/7/HDB/2023) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant, Dhanadeep Consultants Pvt. Ltd., sought directives from the NCLT to compel the Resolution Professional and Committee of Creditors (CoC) to accept its resolution plan, condone delays in submission, and call a CoC meeting for consideration. The applicant claims that despite submitting an Expression of Interest (EoI) and earnest money deposit (EMD), access to the data room was delayed, hindering the formulation of a compliant resolution plan within the stipulated timeline. The Resolution Professional
…Invent Assets Securitization and Reconstruction Pvt. Ltd. initiated Corporate Insolvency Resolution Process (CIRP) against XL Energy Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The NCLT admitted XL Energy Limited into CIRP on 2023-03-27. Dhanadeep Consultants Pvt. Ltd. submitted an Expression of Interest (EoI) and paid an earnest money deposit (EMD) of Rs. 5,00,000. The Resolution Professional published Form-G on 2023-09-08, setting 2023-09-22 as the deadline for EoI submission. Dhanadeep Consultants submitted its EoI on 2023-09-22. The final list of Prospective Resolution Applicants (PRAs) was issued on 2023-09-30, with Dhanadeep Consultants listed at serial No. 8. Access to the data room was granted to Dhanadeep Consultants on
…XL Energy Limited…
Form-G inviting…