The application IA 4589 of 2025 was filed by Pan India Consultants Private Limited in the CIRP of Frost International Limited, seeking a direction regarding the Participating Interest (PI) of the Corporate Debtor in an Oil Block.
Pan India Consultants Private Limited filed IA 4589 of 2025 in the CIRP of Frost International Limited.
The CIRP commenced on February 9, 2023, following an application by Bank of India.
The applicant and the Corporate Debtor hold Participating Interest (PI) in the Oil Block.
The applicant sought a declaration that the PI is not an asset of the Corporate Debtor.
The CoC approved a resolution plan under Option I (Corporate Debtor as a whole) on November 3, 2025.
The applicant was appointed as the 'Operator' of the Oil Block.
The applicant claims a pre-emptive right to purchase the Corporate Debtor's PI.
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CIRP commenced pursuant to order passed by…
6 final compliant…
The application IA 4589 of 2025 was filed by Pan India Consultants Private Limited in the CIRP of Frost International Limited, seeking a direction regarding the Participating Interest (PI) of the Corporate Debtor in an Oil Block.
Pan India Consultants Private Limited filed IA 4589 of 2025 in the CIRP of Frost International Limited.
The CIRP commenced on February 9, 2023, following an application by Bank of India.
The applicant and the Corporate Debtor hold Participating Interest (PI) in the Oil Block.
The applicant sought a declaration that the PI is not an asset of the Corporate Debtor.
The CoC approved a resolution plan under Option I (Corporate Debtor as a whole) on November 3, 2025.
The applicant was appointed as the 'Operator' of the Oil Block.
The applicant claims a pre-emptive right to purchase the Corporate Debtor's PI.
…CIRP commenced pursuant to order passed by…
6 final compliant…