The case involves an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional seeking approval of the Resolution Plan submitted by Y Axis Structural Steels Pvt. Ltd.
Corporate Insolvency Resolution Process (CIRP) was initiated against Greatweld Engineering Pvt. Ltd. on 29.01.2021.
Fanendra Harakchand Munot was appointed as Interim Resolution Professional (IRP).
The Committee of Creditors (COC) was constituted, and in its first meeting on 08.03.2021, the present Applicant was appointed as the Resolution Professional (RP).
The Resolution Professional (RP) published a public announcement inviting claims from creditors.
The COC approved the Resolution Plan submitted by Yaxis Structural Steels Pvt. Ltd. with a 100% voting share on 08.03.2022.
The Resolution Plan provides for payment of insolvency resolution process costs, operational creditors, and financial creditors.
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Corporate Insolvency Resolution Process…
The COC appointed the…
The case involves an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional seeking approval of the Resolution Plan submitted by Y Axis Structural Steels Pvt. Ltd.
Corporate Insolvency Resolution Process (CIRP) was initiated against Greatweld Engineering Pvt. Ltd. on 29.01.2021.
Fanendra Harakchand Munot was appointed as Interim Resolution Professional (IRP).
The Committee of Creditors (COC) was constituted, and in its first meeting on 08.03.2021, the present Applicant was appointed as the Resolution Professional (RP).
The Resolution Professional (RP) published a public announcement inviting claims from creditors.
The COC approved the Resolution Plan submitted by Yaxis Structural Steels Pvt. Ltd. with a 100% voting share on 08.03.2022.
The Resolution Plan provides for payment of insolvency resolution process costs, operational creditors, and financial creditors.
…Corporate Insolvency Resolution Process…
The COC appointed the…