Highlights
- The National Company Law Tribunal in Kolkata has admitted an insolvency petition filed by Union Bank of India against Solapur Tollways Private Limited under the Insolvency and Bankruptcy Code, 2016.
- The insolvency claim amounts to ₹ 195,55,15,022/-, which includes a principal default amount of ₹ 184,23,36,839/- and an interest default amount of ₹ 11,31,78,183/-.
- Sanjay Kumar Mishra has been appointed as the Interim Resolution Professional for the Corporate Insolvency Resolution Process regarding Solapur Tollways Private Limited.
The National Company Law Tribunal, Kolkata bench has admitted the insolvency plea under Section 7 of Insolvency and Bankruptcy Code,2016 filed by Union Bank of India under Corporate Insolvency Resolution Process (CIRP), against Solapur Tollways Private Limited (STPL).
The matter relates to a claim amount of ₹ 195,55,15,022/-, which includes principal amount in default of ₹ 184,23,36,839/- and the interest amount in default of ₹ 11,31,78,183/- (including interest).
The bench has appointed Sanjay Kumar Mishra, as the Interim Resolution Professional (IRP) under section 13(1)(c) of the Code.
Solapur Tollways Private Limited (STPL), one of the subsidiaries of the Bharat Road Network Limited had received an email notice from Union Bank of India, regarding a petition filed under section 7 of Insolvency and Bankruptcy Code, 2016 before the National Company Law Tribunal – Kolkata Bench.
