The application is filed under section 30(6) and section 31 of the Insolvency & Bankruptcy Code, 2016 read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 for approval of Resolution Plan.
The Corporate Debtor was admitted into CIRP vide order dated 22.08.2023.
Aditya Kumar Tibrewal was appointed as IRP and later confirmed as RP.
Form A was published on 24th August, 2023, with the last date for submissions of claims on 05th September, 2023.
Revised Form-G was published on 08.12.2023, with the revised last date for submission of EOI fixed on 24.12.2023.
The Resolution Plan of Rashmi Metaliks Limited was approved by the CoC with 80.96% voting share on 21.09.2024.
Rashmi Metaliks Limited deposited the EMD of INR 25,00,000 on 24.11.2023.
The total plan value for the Corporate Debtor is Rs.75,00,00,000, out of which INR 38,00,00,000 is proposed to be paid to Stakeholders and Rs. 37,00,00,000 shall be used for revival of plant and recommencement of operation.
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Corporate D…
Aditya Kumar T…
The application is filed under section 30(6) and section 31 of the Insolvency & Bankruptcy Code, 2016 read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 for approval of Resolution Plan.
The Corporate Debtor was admitted into CIRP vide order dated 22.08.2023.
Aditya Kumar Tibrewal was appointed as IRP and later confirmed as RP.
Form A was published on 24th August, 2023, with the last date for submissions of claims on 05th September, 2023.
Revised Form-G was published on 08.12.2023, with the revised last date for submission of EOI fixed on 24.12.2023.
The Resolution Plan of Rashmi Metaliks Limited was approved by the CoC with 80.96% voting share on 21.09.2024.
Rashmi Metaliks Limited deposited the EMD of INR 25,00,000 on 24.11.2023.
The total plan value for the Corporate Debtor is Rs.75,00,00,000, out of which INR 38,00,00,000 is proposed to be paid to Stakeholders and Rs. 37,00,00,000 shall be used for revival of plant and recommencement of operation.
…Corporate D…
Aditya Kumar T…