Insolvency Proceedings Can Be Withdrawn Even After Invitation Of Resolution Plans Under Regulation 36A : SC [Read Order] – Live Law

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In a notable order passed recently, the Supreme Court permitted the withdrawal of Corporate Insolvency Resolution Process(CIRP) even after the Resolution Professional issued invitation for expression of interest from resolution applicants to submit resolution plans under Regulation 36A of CIRP Regulations 2016. As per Regulation 30A, withdrawal of insolvency application has to be sought before…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

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This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 6th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on January 22, 2019 to discuss the…

NCLT Directs Police Assistance To Resolution Professional After Corporate Debtor Hinders CIRP – Live Law

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In a rather uncommon development in IBC driven resolution process, the Mumbai bench of National Company Law Tribunal has directed the Police Commissioner, Ahmedabad to provide police assistance to a Resolution Professional who complained about ex-director of the corporate debtor abusing her and creating hindrance in the Corporate Insolvency Resolution Process. A bench of Member…

Modi government sets March deadline to resolve Essar Steel, Jaypee Infratech and 7 other insolvency cases – Business Today

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In a bid to complete the resolution of large stressed accounts, the central government has set a March deadline for lenders and resolution professionals to speed up resolution plans of nine of the twelve high-value insolvency cases, with special focus on Essar Steel and Jaypee Infratech, according to media report. These twelve accounts, which also…

No.1 Bent Street rescued from voluntary administration – hospitality – Australian Hospitality Magazine

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29 January, 2019 by Hospitality Magazine Mike McEnearneys Sydney city restaurant, No.1 Bent street is out of voluntary administration after creditors voted for the deed of arrangement, according to Good Food. AdministratorsHoganSprowles were appointed on 29 November, with creditors then meeting on 11 December to consider the companys financial future. Advertisement … Read the full…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

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Dear Sir/ Madam, Sub: Notice of Seventh Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you…

Ushdev International Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

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With the reference to the above captioned subject, we hereby inform you that 15th meeting of the Committee of Creditors (CoC) will be held on February 02, 2019 at 11:30 am, at the State Bank of India, Stressed Assets Management Branch-II, Raheja Chambers, 1st Floor, B Wing, Free Press Journal Marg, Nariman Point, Mumbai- 400021.…