Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

The 15th meeting of the CoC of the Corporate Debtor was held on 02.11.2018
The outcome of the meeting is summarized as herein below:
1.The RP presented and discussed 3 plans out of four plans, which were found to be compliant with reg and provisions of the IBC, 2016 with the members of the COC. An analysis of the plans was presented to the CoC by their Process Advisors and the way forward on carrying negotiations with Resolution Applicants(RA) was also discussed.
2.The RA were invited to present their resolution plans in front of the members of the COC. The presentations were made by two RA wherein various queries were raised by the members of the COC.
3.Valution report determining the Fair Value & Liquidation Value of the Corporate Debtor…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ramsarup-industries-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article25598296.ece

Category: LiquidationBy Insolvency Advisory Accountants November 26, 2018

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

The Fourteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 25 October 2018 at 1:00 PM at Orion Room, The Learning Galaxy, 8th Floor, Iconic Wing, Urmi Estate, 95, Lower Parel (West), Mumbai 400013, India.

The outcome of the meeting is attached herein.

Pdf Link:
Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants November 13, 2018

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

The Thirteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 27 September 2018 at 11:00 AM at Orion Room, The Learning Galaxy. 8 th Floor, Iconic Wing, Urmi Estate, 95, Lower Parel (West), Mumbai 400013, India.

The outcome is enclosed in the letter.

Pdf Link:
Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants October 9, 2018

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

The Twelfth meeting of the CoC of the Corporate Debtor was held on 20 September 2018 at 03:30 PM at 16t Floor, Tower 2, Grant Thornton India LLP, Indiabulls Finance Center, SB Marg, Elphinstone (W), 400013.
The outcome of the meeting is summarized as herein below:
1. The RP and his legal advisors apprised the COC about the status of ongoing legal cases pending before the NCLT Kolkata and NCLAT Delhi.(Details in letter enclosed).
2. The COC concluded that since the composite plan was also received, all 5 Resolution plans be shared with the members by 25 Sept 2018 post ascertaining compliance with the provisions of the Insolvency and Bankruptcy Code, 2016″) and The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for C…

Category: LiquidationBy Insolvency Advisory Accountants October 9, 2018

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

With reference to the subject matter this is to inform you that the Eighth Meeting of Committee of Creditors of the Corporate Debtor was held on 25th June, 2018 at 2:00 PM at Grant Thornton India LLP, 15th Foor, Tower IIM India Bulls Finance Centre, Senapati Baapat Marg, Elphinstone (W), Mumbai 400013.

The outcome of the meeting is summarised as herein below:

1. The Request for Resolution Plan Document ( Process Memorandum and Evaluation Matrix) was approved by the Committee of Creditors)

Pdf Link:
Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants August 14, 2018

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

With reference to the subject matter this is to inform you that the Tenth Meeting of Committee of Creditors of the Corporate Debtor was held on Wednesday, 8th August, 2018 at 12:00 P.M at Grant Thornton India LLP, 16th Foor, Tower II , India Bulls Finance Centre, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013.
The outcome of the meeting is summarized as herein below:
1. The RP informed the CoC about the receipt of four Resolution Plan before the approved deadline of 7th August, 2018 upto 6:00 PM
2. The CoC approved the appointment and fees of Ray & Co, Chartered Accountants as Statutory Auditors of Ramsarup Industries Limited.

Pdf Link:
Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of…

Category: LiquidationBy Insolvency Advisory Accountants August 14, 2018

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

With reference to the subject matter this is to inform you that the Ninth Meeting of Committee of Creditors of the Corporate Debtor was held on Tuesday, 24th July, 2018 at 11:00 A.M at Grant Thornton India LLP, 16th Foor, Tower II , India Bulls Finance Centre, Senapati Baapat Marg, Elphinstone (W), Mumbai 400013.

The outcome of the meeting is summarised as herein below:

1. The CoC approved the extension of the last date for submission of Resolution Plan to 7th August, 2018, upto 6:00 P.M

Pdf Link:
Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

Source : BSE – www.bseindia.com

Category: LiquidationBy Insolvency Advisory Accountants August 14, 2018

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