Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that the 17th Meeting of Committee of Creditors (CoC) was held on 24th May, 2019.

In the meeting, The Resolution Professional apprised the members of the Committee of Creditors that SOM Distilleries Pvt Ltd and Kals Distilleries Pvt ltd have submitted their revised bids for the Corporate Debtor.

After discussions on the Revised Bids and meeting with representatives of both Resolution Applicants, separately, the COC requested the resolution applicants to increase the financial bid and Resolution Applicants sought time till Monday for the same.

The COC considered the issue and directed to the Resolution Professional to allow the Resolution Applicants to submit their revised bids and make changes in their plans and submi…

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Category: LiquidationBy Insolvency Advisory Accountants May 28, 2019

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that the 16th Meeting of Committee of Creditors (CoC) was held on 15th May, 2019.

In the meeting, the revised bids submitted by the Resolution applicants were placed before the COC members.

After discussions on the Revised Bid and meeting with representatives of both Resolution Applicants i.e. SOM Distilleries Pvt Ltd and KALS Distilleries Pvt Ltd the COC decided to grant 4 days time to both resolution applicants for considering the issues and submit a revised Resolution Plan for the Corporate Debtor.

Next COC meeting will be held on 24th May, 2019.

Pdf Link:
Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)

Source : BSE – www.bse…

Category: LiquidationBy Insolvency Advisory Accountants May 22, 2019

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that the 14th Meeting of Committee of Creditors (CoC) was held on 27.03.2019.

In the meeting, The Resolution Professional apprised the members of the Committee of Creditors that as only one Resolution Plan has been received and therefore, Som Distilleries Pvt Limited being the sole resolution applicant is H1 bidder in terms of the request of Resolution Plan. After discussions with the Resolution Applicant on the Resolution Plan, the COC informed to the Resolution Applicant that the decision on the Resolution plan will be conveyed to the Resolution Applicant on the next meeting of COC, which is to be tentatively scheduled on 08.04.2019.

Kindly take the above on your records.

Pdf Link:
Mount Shivalik Industries Ltd. -…

Category: LiquidationBy Insolvency Advisory Accountants March 30, 2019

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that the 12th Meeting of Committee of Creditors (CoC) was held on 04.03.2019.

In the meeting, The Chairperson apprised the members of the CoC that the Resolution Professional has filed an application before the Honble NCLT, Jaipur Bench, wherein vide order dated 28.02.2019 the Honble NCLT has allowed the application for seeking exclusion of the period of 113 days from calculating the period of 270 days of the Corporate Insolvency Resolution Process.

A Copy of said order is attached herewith.

Kindly take the above on your records.

Pdf Link:
Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants March 5, 2019

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that 11th Meeting of Committee of Creditors (CoC) was held on Monday, 04th February, 2019.

In this meeting Resolution Professional informed to the members of the Committee of Creditors that pursuant to the publication of EOI dated 21.01.2019, Expression of Interest has been received from the Resolution Applicants.

The members of Committee of Creditors further noted that all the Resolution Applicants are eligible as per the eligibility criteria agreed by the COC.

Kindly take the above on your records.

Pdf Link:
Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants February 6, 2019

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that the 9th Meeting of Committee of Creditors (CoC) was held on 27.12.2018.
In the meeting, the members of the COC authorised the Resolution Professional to re-issue/ publish Expression of Interest for submission of Resolution Plan in Form G in the newspaper namely Business Standard (English) and Punjab Kesari (Hindi).
Please find attached herewith newspaper cutting of Business Standard and Punjab Kesari.
Kindly take the above on your records.

Pdf Link:
Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants January 3, 2019

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that 8th Meeting of Committee of Creditors (CoC) was held on 17.12.2018.

In the said meeting, the Resolution Applicants presented their plans before the COC.

The next meeting of COC is scheduled to be held on 26/12/2018 for further consideration of Resolution Plans.

Kindly take the above on your records.

Pdf Link:
Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants December 19, 2018

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that 7th Meeting of Committee of Creditors (CoC) was held on 10.12.2018.
In the meeting, the Chairperson placed before the meeting the Resolution Plans received from two Resolution Applicants.

The COC Members discussed and decided to invite the Resolution Applicants for their presentation on the Resolution Plans in the next meeting of COC.

The COC members also decided that the 8th COC meeting will be held on 17.12.2018.

Kindly take the above on your records.

Pdf Link:
Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants December 12, 2018

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