Ongoing Assignments

Mr. Nilesh Sharma

Dream Procon Pvt. Ltd.

Appointed as Resolution Professional by Hon’ble NCLT, New Delhi vide order dated 16.01.2020. CIR Process was admitted on 06.09.2020. CIR Process ongoing. 

UPDATE ON LEGAL CASES

UPDATE ON LEGAL CASES

ORDER
NCLT ORDER

Uday Estates Private Limited

Appointed as Interim Resolution Professional by Hon’ble NCLT, New Delhi vide order dated 15.11.2021. CIR Process was initiated on 15.11.2021. CIR Process ongoing.

DETAILED EXPRESSION OF INTEREST DOCUMENT_27.04.2022

FORM G EXPRESSION OF INTEREST DOCUMENT_27.04.2022

LIST OF CREDITORS 27.04.2022

Gayatri Infra Planner Private Limited

Appointed as Interim Resolution Professional by Hon’ble NCLT, New Delhi vide order dated 28.03.2023. CIR Process was initiated on 28.03.2023. CIR Process ongoing.

CIRP Order- Gayatri Infra – 28.03.2023
Signed Form A_30.03.2023

Mr. Arunava Sikdar

SANCO INDUSTRIES LIMITED

CIRP Commencement date 29-07-2022. Mr Arunava Sikdar is appointed as a Resolution Professional vide order of Hon’ble NCLT dated 19.09.2022.

ORDER

Certified-copy

FORM A

FORM G

EOI-and-eligibility-Criteria

List-of-Creditors

Jaipur Metals and Elctricals Limited

Appointed as RP by Hon’ble NCLT, Jaipur vide order dated 11.01.2019. The CIR process is going on.

Expression of Interest
FORM G

Eligibility Criteria_JMEL1

LIST OF CREDITORS

FINANCIAL STATEMENTS

BS 13-04-2018 JMEL

BS 2016-17 JMEL

1BS 2017-18 JMEL

Mr. Hemant Sharma

Global Softech Limited

Appointed as IRP by Hon’ble NCLT, Ahmedabad vide order dated 18.11.2019 and thereafter confirmed as RP. The CIR process is going on.

Pan India Network Limited

Appointed as IRP by Hon’ble NCLT, Mumbai vide order dated 09.10.2020 and thereafter confirmed as RP. The CIR process is going on.

Altrarex Traders Pvt. Ltd.

Appointed as IRP by Hon’ble NCLT, Mumbai vide order dated 28.11.2019 and thereafter confirmed as RP. The CIR process is going on.

White Metals Limited

Appointed as IRP by Hon’ble NCLT, New Delhi vide order dated 13.06.2018 and thereafter confirmed as RP. The CIR process is going on.

Thea Online Services Private Limited.

<p class=”p1″><a href=”https://www.rrrinsolvency.com/wp-content/uploads/2022/05/Signed-Form-G-II.pdf &quot;”> Expression of Interest_Form G_Thea Online Services Private Limited </a></p>
<p class=”p1″><a href=”https://www.rrrinsolvency.com/wp-content/uploads/2022/05/Detailed-EOI-II.pdf &quot;”>Detailed Expression of Interest Document _Thea Online Services Private Limited</a></p>

RRR INSOLVENCY SERVICE EXPERTS LLP APPOINTED AS IPE

Ms Harmeet Kaur

BN PACK CORRUGATED PRIVATE LIMITED

Appointed as IRP by Hon’ble NCLT,New Delhi vide order dated 14.08.2024.

RRR INSOLVENCY NTT

RRR INSOLVENCY EXPERTS SERVICES LLP

Completed Assignments

Mr. Nilesh Sharma

Athena Demwe Power Limited

I was appointed as the CIRP Process Advisor to the RP. The role included in setting up data room, drafting process memorandum evaluation of resolution plans with respect to its compliance with IBC/ Regulations.  Resolution plan in favour of RA Sikkim Power & Investment Corporation Limited, approved by CoC, is under the consideration of NCLT, Delhi.

Vardhman Industries Limited

I have actedas the Legal Advisor to Resolution Professional to provide advisory services on various legal issues such as evaluation of resolution plan with respect to the compliance with provisions of IBC, 2016 and relevant regulations, application to Hon’ble NCLT for approval of resolution plan approved by CoC etc. In this case, the resolution plan submitted by the resolution applicant JSW Steel Limited was approved by CoC and the same has been presented to Hon’ble NCLT for its approval.

Palogix Infrastructure Pvt. Ltd. (PIPL)

Wherein the COC has approved the resolution plan. I was actively involved in Strategizing the resolution plan based on acquisition of PIPL (a company which was under CIRP) by new promoter and preparation of resolution plan on his behalf. Resolution Plan has been approved by all the lenders and by Hon’ble NCLT, Kolkata.

MBL Infrastructure Ltd. (MBLIL)

In the CIRP matter of MBLIL, I provided legal and financial advisory to one of the financial creditor (i.e. PNB) and represented in the CoC meetings. A resolution plan in the said matter has been approved by the CoC and by the Hon’ble NCLT, Kolkata. However, the said resolution plan is challenged under appeal before Hon’ble NCLAT by some financial creditors.

Jalan Intercontinental Hotels Private Limited

I advised one of the resolution applicant M/s. Shri Ram Residency Private Limited, formulated Resolution Plan on its behalf as Senior Partner of Dhir & Dhir Associates. The resolution plan submitted by the Shri Ram Residency was approved by CoC and by Hon’ble NCLT, Kolkata.

Ramsarup Industries Ltd. (RIL)

I was appointed as IRP/RP in the RIL , having a debt of Rs. 5000 crores. However, my term which commenced on 08.01.2018 has expired in May, 2018.

Dynamic Shells (India) Pvt. Ltd.

I have been appointed as IRP vide order dated 27.09.2018 by Hon’ble NCLT, Delhi and subsequently, confirmed as RP in its First meeting of CoC held on 29.10.2018). I have completed my term as RP on 23.08.2019 and handed over the matter to Liquidator Mr. Ashok Kumar Gupta on 30.08.2019.

PSL Limited

Appointed as IRP vide order dated 15.02.2019 by Hon’ble NCLT, Ahmedabad. Subsequently, CoC appointed another IP as RP and accordingly matter handed over on 17.09.2019.

Mr. Arunava Sikdar

Hotel Gaudavan Private Limited

CIRP commenced w.e.f. 31.03.2017 vide order of Hon’ble Principal Bench of NCLT, New Delhi and was appointed IRP. IRP was confirmed as RP by the CoC in its meeting held on 28.04.2017 and the entire process was completed after the Resolution Plan was approved by Hon’ble NCLT on 13.12.2019.

Shivam Fragrances Private Limited

Mr. Arunava Sikdar was appointed as IRP alongwith admission of CIRP by Hon’ble NCLT, New Delhi vide order dated 11.06.2018.  He was confirmed as RP by the members of CoC and process was completed with Resolution, after being approved by Hon’ble NCLT vide its order dated 08.05.2019.

Haryana Steel and Alloys Limited

CIRP commenced w.e.f. 13.02.2019 and was appointed as IRP.  Confirmed as RP in CoC meeting and the process was completed after Resolution, being approved by Hon’ble NCLT, Chandigarh on 07.02.2020.

Affinity Beauty Salon Pvt. Ltd.

Hon’ble Principal Bench, NCLT, New Delhi admitted the CIRP and appointed IRP vide order dated 14.12.2019.  CoC proposed for appointment of new IP as RP and thus, completed the tenure of IRP only. 

Mr. Akarsh Kashyap

Star Mineral Resources Private Limited

Appointed as IRP vide order dated 17.12.2018 by Hon’ble NCLT, New Delhi.  Subsequently CoC appointed another IP as RP and accordingly matter handed over on 07.06.2019.

Rain Automotive India Private Limited

Appointed as IRP vide order dated 14.06.2019 by Hon’ble NCLT, New Delhi and subsequently confirm as RP in the First Meeting of CoC held on 12.07.2019.  Late on CoC resolve to liquidate the CD and the charge handed over to liquidator Ms, Maya Gupta on 29.01.2020.

Krishna Assets Developers Private Limited

Appointed as IRP vide order dated 24.09.2019 by Hon’ble NCLT Principal Bench, New Delhi.  The compromised made between the parties and CIRP was withdrawn vide Hon’ble NCLT Order dated 09.10.2019.

Mr. Hemant Sharma

Basai Steels & Power Private Limited

Basai Steels and Power Private Limited is a Private incorporated on 29 January 2002. It is classified as non-govt. company and is registered at Registrar of Companies, Hyderabad. One of the leading company dealing in all kinds of Iron & Steel products viz. MS channels, angles, beams, rounds, plates, sheets, flats etc. The company has more than 30 years splendid background in dealing with Large Medium & Small scale Industries. The Corporate Debtor also has an INTEGRATED STEEL PLANT inter-alia including sponge iron plant,  power, induction furnace & rolling mill. The Company Presently has the authorized dealership of SAIL & VSP and almost 60% of its annual purchases are from SAIL. BSPL has Show progressive growth in turnover with expected sales of Rs.400 Crores turn over by the end of this fiscal year 2006-07. 

Total admitted debt

INR 1,000 Crores (approx.)

Status of process

Resolution Plan approved by the Committee of Creditors with 100% votes in its favor. The said plan subsequently got approval of Hon’ble National Company Law Tribunal, Hyderabad. 

CIRP matters wherein other IPs were RPs and Mr. Nilesh was actively involved for advisory :