The case pertains to an application filed by the Resolution Professional, Mr. Nilesh Rajendra Kothari, for approval of the Resolution Plan submitted by M/s Priyam Projects (I) Pvt. Ltd. for M/s Steadfast Shipping Private Limited, the Corporate Debtor.
The application was filed under Section 30(6) r/w Section 31 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor is M/s Steadfast Shipping Private Limited.
The Financial Creditor, Punjab National Bank (International) Limited, initiated CIRP under Section 7 of IBC, 2016.
Mr. Nilesh Rajendra Kothari was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
The Resolution Plan was submitted by M/s Priyam Projects (I) Pvt. Ltd. (Successful Resolution Applicant/SRA).
The CoC approved the Resolution Plan with 100% voting share in its 7th meeting held on 22.05.2025.
The total outlay in the Resolution Plan submitted by the SRA is Rs.3,40,00,000/-.
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CIRP was ini…
Public announce…
The case pertains to an application filed by the Resolution Professional, Mr. Nilesh Rajendra Kothari, for approval of the Resolution Plan submitted by M/s Priyam Projects (I) Pvt. Ltd. for M/s Steadfast Shipping Private Limited, the Corporate Debtor.
The application was filed under Section 30(6) r/w Section 31 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Debtor is M/s Steadfast Shipping Private Limited.
The Financial Creditor, Punjab National Bank (International) Limited, initiated CIRP under Section 7 of IBC, 2016.
Mr. Nilesh Rajendra Kothari was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
The Resolution Plan was submitted by M/s Priyam Projects (I) Pvt. Ltd. (Successful Resolution Applicant/SRA).
The CoC approved the Resolution Plan with 100% voting share in its 7th meeting held on 22.05.2025.
The total outlay in the Resolution Plan submitted by the SRA is Rs.3,40,00,000/-.
…CIRP was ini…
Public announce…