Deutsche Bank AG filed an application (I.A. No. 869/KB/2025) claiming to be a Financial Creditor of Bally Exports Ltd., seeking condonation of delay in submitting its claim and direction to the Resolution Professional (RP) to verify and admit its claim of Rs. 7,27,81,536.76.
The CIRP of Bally Exports Ltd. was initiated based on an application by Indian Bank.
A resolution plan submitted by M/s Ganesh Construct & Build Private Limited was rejected by the CoC due to insufficient voting share.
The CoC was unable to reach a consensus on either approving a resolution plan or initiating liquidation.
Indian Bank opposed the liquidation of Bally Exports Ltd.
The RP sought directions from the Adjudicating Authority regarding the future course of action.
The Adjudicating Authority noted the deadlock in the CoC and the expiry of the CIRP period.
Deutsche Bank AG filed an application seeking condonation of delay in submitting its claim as a Financial Creditor.
The RP rejected Deutsche Bank's claim due to a delay of 246 days in submission.
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CIRP initiated for…
Mr. Neeraj Kumar Sureka…
Deutsche Bank AG filed an application (I.A. No. 869/KB/2025) claiming to be a Financial Creditor of Bally Exports Ltd., seeking condonation of delay in submitting its claim and direction to the Resolution Professional (RP) to verify and admit its claim of Rs. 7,27,81,536.76.
The CIRP of Bally Exports Ltd. was initiated based on an application by Indian Bank.
A resolution plan submitted by M/s Ganesh Construct & Build Private Limited was rejected by the CoC due to insufficient voting share.
The CoC was unable to reach a consensus on either approving a resolution plan or initiating liquidation.
Indian Bank opposed the liquidation of Bally Exports Ltd.
The RP sought directions from the Adjudicating Authority regarding the future course of action.
The Adjudicating Authority noted the deadlock in the CoC and the expiry of the CIRP period.
Deutsche Bank AG filed an application seeking condonation of delay in submitting its claim as a Financial Creditor.
The RP rejected Deutsche Bank's claim due to a delay of 246 days in submission.
…CIRP initiated for…
Mr. Neeraj Kumar Sureka…