State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Mr. Amrit Pal Chadha, the Personal Guarantor of M/s C&C Construction Ltd. for approval of the Repayment Plan.
State Bank of India filed an application under Section 95 of the IBC against Mr. Amrit Pal Chadha, the Personal Guarantor of M/s C&C Construction Ltd.
The Adjudicating Authority appointed Mr. Deepak Maini as the Resolution Professional.
The RP filed a report under Section 99 of the Code recommending initiation of PIRP.
The AA admitted the petition and initiated PIRP under Section 100 of the Code.
The RP issued a public notice inviting claims from creditors.
The RP prepared a statement of affairs based on the information received from the PG.
The creditors approved the repayment plan with a 77.50% majority.
The AA approved the Repayment Plan of INR 4,65,00,000/- with certain directions.
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Order pronoun…
State Bank of India filed an application under…
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Mr. Amrit Pal Chadha, the Personal Guarantor of M/s C&C Construction Ltd. for approval of the Repayment Plan.
State Bank of India filed an application under Section 95 of the IBC against Mr. Amrit Pal Chadha, the Personal Guarantor of M/s C&C Construction Ltd.
The Adjudicating Authority appointed Mr. Deepak Maini as the Resolution Professional.
The RP filed a report under Section 99 of the Code recommending initiation of PIRP.
The AA admitted the petition and initiated PIRP under Section 100 of the Code.
The RP issued a public notice inviting claims from creditors.
The RP prepared a statement of affairs based on the information received from the PG.
The creditors approved the repayment plan with a 77.50% majority.
The AA approved the Repayment Plan of INR 4,65,00,000/- with certain directions.
Order pronoun…
State Bank of India filed an application under…