SKIL Infrastructure Limited enters Corporate Insolvency Resolution Process; Resolution Plans received by RP
SKIL Infrastructure Limited has been admitted into a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The company's Resolution Professional has received Resolution Plans from prospective bidders within the statutory 180-day window. This disclosure to the NSE marks the transition from the pre-bid phase to evaluation and approval by the Committee of Creditors, a critical juncture where competing restructuring proposals will be assessed against the objective of value maximisation and debt recovery.
Why it mattersReceipt of multiple RPs indicates market appetite for infrastructure assets; counsel should monitor approval timeline under IBC s.30 (plan evaluation & committee vote) and prepare for potential statutory conditions precedent (lender consent, regulatory approvals) embedded in bids.
SectorInfrastructure
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Sources
- NSE Archives - SKIL Infrastructure Limited CIRP Disclosure · official
- IBBI (Insolvency and Bankruptcy Board of India) - Official Portal · official
- Ministry of Corporate Affairs (MCA) - eCourts NCLT Database · official
- BSE Limited - Corporate Actions & Announcements · official
- SKIL Infrastructure Limited - Investor Relations / Official Website
- IBBI orders · official
- NCLT orders · official
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