Mr. Fanendra H Munot, the Resolution Professional (RP) for Shree Bhimeshwari Ispat Pvt. Ltd. (Corporate Debtor), filed IA (I.B.C) (Plan) No. 119/MB/2025 seeking approval of a Resolution Plan submitted by Khatav Man Taluka Agro Processing Ltd. (Successful Resolution Applicant - SRA). The Corporate Debtor was admitted into CIRP on 28.11.2019 based on a petition filed by Oriental Bank of Commerce for a default amount of Rs. 46,25,89,536.43/-. The Resolution Plan, initially approved by the Committee of Creditors (CoC) with 97% voting, underwent several revisions and addendums in response to Tribunal queries and CoC requests for increased plan value. Various CoC meetings addressed claim reclassification (e.g., Punjab National Bank's secured creditor status), appointment of
…IA (I.B.C) (Plan) No. 119/MB/2025 was filed on 20.10.2025 by Mr. Fanendra H Munot, the Resolution Professional for Shree Bhimeshwari Ispat Pvt. Ltd.
The application sought approval of a Resolution Plan under Sections 30(6) and 31 of the IBC, 2016, and Regulation 39(4) of the CIRP Regulations, 2016.
The Resolution Plan was submitted by Khatav Man Taluka Agro Processing Ltd., the Successful Resolution Applicant (SRA).
The Corporate Debtor, Shree Bhimeshwari Ispat Pvt. Ltd., was admitted into CIRP by an order dated 28.11.2019 in C.P.(IB) No. 550/MB/2018.
The original petition, CP(IB) No. 4550/MB/2018, was filed by Oriental Bank of Commerce for a default amount of Rs. 46,25,89,536.43/-.
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Corporate Debtor admitted into Corporate…
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Mr. Fanendra H Munot, the Resolution Professional (RP) for Shree Bhimeshwari Ispat Pvt. Ltd. (Corporate Debtor), filed IA (I.B.C) (Plan) No. 119/MB/2025 seeking approval of a Resolution Plan submitted by Khatav Man Taluka Agro Processing Ltd. (Successful Resolution Applicant - SRA). The Corporate Debtor was admitted into CIRP on 28.11.2019 based on a petition filed by Oriental Bank of Commerce for a default amount of Rs. 46,25,89,536.43/-. The Resolution Plan, initially approved by the Committee of Creditors (CoC) with 97% voting, underwent several revisions and addendums in response to Tribunal queries and CoC requests for increased plan value. Various CoC meetings addressed claim reclassification (e.g., Punjab National Bank's secured creditor status), appointment of
…IA (I.B.C) (Plan) No. 119/MB/2025 was filed on 20.10.2025 by Mr. Fanendra H Munot, the Resolution Professional for Shree Bhimeshwari Ispat Pvt. Ltd.
The application sought approval of a Resolution Plan under Sections 30(6) and 31 of the IBC, 2016, and Regulation 39(4) of the CIRP Regulations, 2016.
The Resolution Plan was submitted by Khatav Man Taluka Agro Processing Ltd., the Successful Resolution Applicant (SRA).
The Corporate Debtor, Shree Bhimeshwari Ispat Pvt. Ltd., was admitted into CIRP by an order dated 28.11.2019 in C.P.(IB) No. 550/MB/2018.
The original petition, CP(IB) No. 4550/MB/2018, was filed by Oriental Bank of Commerce for a default amount of Rs. 46,25,89,536.43/-.
…Corporate Debtor admitted into Corporate…
Public announcement made as per Regulation 6 of…