The case pertains to the approval of a resolution plan for Fact-RCF Building Products Limited, a corporate debtor admitted into CIRP under Section 7 of the IBC. The resolution plan was submitted by Subhlaxmi Investment Advisory Pvt. Ltd.
CIRP was initiated against Fact-RCF Building Products Limited on 11.01.2024, following a Section 7 petition by Omkara Assets Reconstruction Private Limited.
Rajat Mukherjee was appointed as the Resolution Professional (RP) after a previous RP vacated office.
The Committee of Creditors (CoC) consisted of a single financial creditor, Omkara Assets Reconstruction Private Limited.
Subhlaxmi Investment Advisory Pvt. Ltd. submitted the resolution plan, which was approved by the CoC with 100% voting share on 04.04.2025.
The resolution plan proposes a cash payment of Rs. 8.36 crores to secured financial creditors, issuance of Non-Convertible Debentures (NCDs), and equity allotment.
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CIRP initiated against…
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The case pertains to the approval of a resolution plan for Fact-RCF Building Products Limited, a corporate debtor admitted into CIRP under Section 7 of the IBC. The resolution plan was submitted by Subhlaxmi Investment Advisory Pvt. Ltd.
CIRP was initiated against Fact-RCF Building Products Limited on 11.01.2024, following a Section 7 petition by Omkara Assets Reconstruction Private Limited.
Rajat Mukherjee was appointed as the Resolution Professional (RP) after a previous RP vacated office.
The Committee of Creditors (CoC) consisted of a single financial creditor, Omkara Assets Reconstruction Private Limited.
Subhlaxmi Investment Advisory Pvt. Ltd. submitted the resolution plan, which was approved by the CoC with 100% voting share on 04.04.2025.
The resolution plan proposes a cash payment of Rs. 8.36 crores to secured financial creditors, issuance of Non-Convertible Debentures (NCDs), and equity allotment.
…CIRP initiated against…
Paper Publica…