Rattanindia Power Ltd., the promoter company of Sinnar Thermal Power Ltd. (Corporate Debtor), filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to treat Rs. 7,94,54,000/- disbursed to the Corporate Debtor as Insolvency Resolution Process (CIRP) costs.
Rattanindia Power Ltd. (RPL), the promoter company of Sinnar Thermal Power Ltd., filed an application seeking to treat Rs. 7,94,54,000/- as CIRP costs.
RPL disbursed the funds to Sinnar Thermal Power Ltd. between 26.09.2022 and 19.01.2024.
The Operational Creditor, Shapoorji Pallonji & Co. Pvt. Ltd., initiated CIRP against Sinnar Thermal Power Ltd. under Section 9 of the IBC.
The NCLAT issued an interim order on 26.09.2022, directing the IRP not to take any further steps in the CIRP.
The CoC rejected the approval of RPL expenses in its first meeting.
RPL claimed to be a financial creditor with a claim of ₹77,33,56,037/- under Form ‘C’ and an operational creditor with a claim of ₹5,15,03,158/- under Form 'B'.
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The Operational Creditor filed CP(IB) No.…
This Hon'ble Tribunal, vide order dated…
Rattanindia Power Ltd., the promoter company of Sinnar Thermal Power Ltd. (Corporate Debtor), filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to treat Rs. 7,94,54,000/- disbursed to the Corporate Debtor as Insolvency Resolution Process (CIRP) costs.
Rattanindia Power Ltd. (RPL), the promoter company of Sinnar Thermal Power Ltd., filed an application seeking to treat Rs. 7,94,54,000/- as CIRP costs.
RPL disbursed the funds to Sinnar Thermal Power Ltd. between 26.09.2022 and 19.01.2024.
The Operational Creditor, Shapoorji Pallonji & Co. Pvt. Ltd., initiated CIRP against Sinnar Thermal Power Ltd. under Section 9 of the IBC.
The NCLAT issued an interim order on 26.09.2022, directing the IRP not to take any further steps in the CIRP.
The CoC rejected the approval of RPL expenses in its first meeting.
RPL claimed to be a financial creditor with a claim of ₹77,33,56,037/- under Form ‘C’ and an operational creditor with a claim of ₹5,15,03,158/- under Form 'B'.
…The Operational Creditor filed CP(IB) No.…
This Hon'ble Tribunal, vide order dated…