Delcray Cables Private Limited, an MSME incorporated in 1993, became non-operational in 2019. Punjab National Bank, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Delcray Cables Private Limited under Section 7 of the IBC, which was admitted on 13.01.2023. Mr. Jalesh Kumar Grover was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was solely composed of Punjab National Bank. Expressions of Interest were invited, leading to the submission of two resolution plans.
Delcray Cables Private Limited, the Corporate Debtor, was incorporated on 10.06.1993, registered as an MSME on 25.02.2017, and has been non-operational since 2019.
Punjab National Bank initiated Corporate Insolvency Resolution Process (CIRP) against Delcray Cables Private Limited under Section 7 of the IBC, which was admitted on 13.01.2023.
Mr. Jalesh Kumar Grover was appointed as Interim Resolution Professional (IRP) and subsequently confirmed as Resolution Professional (RP) for Delcray Cables Private Limited.
The Committee of Creditors (CoC) comprised solely of Punjab National Bank, which approved Mr. Rohit Bindlish's Resolution Plan with a 100% voting share on 04.10.2023.
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Delcray Cables Private…
Delcray Cables Private…
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Delcray Cables Private Limited, an MSME incorporated in 1993, became non-operational in 2019. Punjab National Bank, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Delcray Cables Private Limited under Section 7 of the IBC, which was admitted on 13.01.2023. Mr. Jalesh Kumar Grover was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was solely composed of Punjab National Bank. Expressions of Interest were invited, leading to the submission of two resolution plans.
Delcray Cables Private Limited, the Corporate Debtor, was incorporated on 10.06.1993, registered as an MSME on 25.02.2017, and has been non-operational since 2019.
Punjab National Bank initiated Corporate Insolvency Resolution Process (CIRP) against Delcray Cables Private Limited under Section 7 of the IBC, which was admitted on 13.01.2023.
Mr. Jalesh Kumar Grover was appointed as Interim Resolution Professional (IRP) and subsequently confirmed as Resolution Professional (RP) for Delcray Cables Private Limited.
The Committee of Creditors (CoC) comprised solely of Punjab National Bank, which approved Mr. Rohit Bindlish's Resolution Plan with a 100% voting share on 04.10.2023.
…Delcray Cables Private…
Delcray Cables Private…
Sign in to view related legal provisions.