The case involves an application (I.A. 1227/2022) filed by the Resolution Professional, Amit Chandrasekhar Poddar, seeking approval of the Resolution Plan submitted by Chemtrade Overseas Private Limited for the Corporate Debtor, Prince SWR Systems Private Limited, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) of Prince SRW Systems Private Limited was initiated on 16.04.2021 under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Mr. Hirachand Bafna was initially appointed as the Interim Resolution Professional (IRP).
A public announcement for submission of claims was made on 03.05.2021.
The IRP constituted a Committee of Creditors (COC).
Amit C. Poddar was appointed as the Resolution Professional (RP) on 18.10.2021.
The RP appointed registered valuers to determine the fair value and liquidation value of the Corporate Debtor's assets.
Two prospective resolution applicants (PRA) were shortlisted initially, but no resolution plans were received within the stipulated time.
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Corporate Insolvency Resolution Process…
Public announcement…
The case involves an application (I.A. 1227/2022) filed by the Resolution Professional, Amit Chandrasekhar Poddar, seeking approval of the Resolution Plan submitted by Chemtrade Overseas Private Limited for the Corporate Debtor, Prince SWR Systems Private Limited, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) of Prince SRW Systems Private Limited was initiated on 16.04.2021 under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Mr. Hirachand Bafna was initially appointed as the Interim Resolution Professional (IRP).
A public announcement for submission of claims was made on 03.05.2021.
The IRP constituted a Committee of Creditors (COC).
Amit C. Poddar was appointed as the Resolution Professional (RP) on 18.10.2021.
The RP appointed registered valuers to determine the fair value and liquidation value of the Corporate Debtor's assets.
Two prospective resolution applicants (PRA) were shortlisted initially, but no resolution plans were received within the stipulated time.
…Corporate Insolvency Resolution Process…
Public announcement…