The Resolution Professional, Mr. Vinod Balasaheb Dongare, filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Esteem Press Parts Private Limited.
The application was filed by the Resolution Professional, Mr. Vinod Balasaheb Dongare, under Section 30(6) of the IBC.
The Resolution Plan was submitted by Unity Industry and approved by the CoC with 75.11% voting share.
Axis Bank Ltd was the principal secured financial creditor holding 75.11% voting share.
Standard Chartered Bank and Tata Capital Ltd were the unsecured financial creditors having 18.01% and 6.88% voting share each respectively.
The CIRP period was extended by 90 days and then by 60 days.
The Resolution Plan provides for payment of CIRP costs and repayment of debts of operational creditors and financial creditors.
The Resolution Applicant has made a provision of Rs. 53,55,185 towards the Contingent Provident Fund Liability.
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Tribunal appointed Mr. Vinod Balasaheb Dongare…
The first meeting of…
The Resolution Professional, Mr. Vinod Balasaheb Dongare, filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Esteem Press Parts Private Limited.
The application was filed by the Resolution Professional, Mr. Vinod Balasaheb Dongare, under Section 30(6) of the IBC.
The Resolution Plan was submitted by Unity Industry and approved by the CoC with 75.11% voting share.
Axis Bank Ltd was the principal secured financial creditor holding 75.11% voting share.
Standard Chartered Bank and Tata Capital Ltd were the unsecured financial creditors having 18.01% and 6.88% voting share each respectively.
The CIRP period was extended by 90 days and then by 60 days.
The Resolution Plan provides for payment of CIRP costs and repayment of debts of operational creditors and financial creditors.
The Resolution Applicant has made a provision of Rs. 53,55,185 towards the Contingent Provident Fund Liability.
…Tribunal appointed Mr. Vinod Balasaheb Dongare…
The first meeting of…