Alps Industries Limited — Others, 17-05-2025: Corporate Insolvency Resolution Process

Alps Industries Limited’s Committee of Creditors reviewed the status of resolution plan submissions and noted a challenge by Kotak Mahindra Bank against claim rejection. They also considered claims from the Delhi Department of Trade & Taxes, acknowledged the approach to maximize value from resolution plans, and reviewed costs incurred so far. Updates include notices from the EPFO department, highlighting ongoing efforts to safeguard creditor interests and advance the insolvency resolution process.