Alps Industries Limited — Others, 06-11-2024: Corporate Insolvency Resolution Process

Alps Industries Limited held its first Committee of Creditors meeting on October 16, 2024, where several resolutions were discussed. Key outcomes include the approval of Mr. Hemant Sharma's appointment as Resolution Professional with a fee of Rs. 4,00,000/month, and the engagement of legal counsel Ms. Gunjan Jadwani. The resolution to reduce creditor meeting notice from 5 days to 24 hours was approved, while a proposal for raising Rs. 1 crore in interim finance was disapproved.