Hon’ble National Company Law Tribunal (NCLT) Chennai bench vide its order dated 10th March 2021 had initiated Corporate Insolvency Resolution Process (CIRP) in Sical Logistics Limited (Corporate Debtor / SCL). In this order, the Hon’ble NCLT had appointed Mr. S. Lakshmisubramanian with IP Registration No. IBBI/IPA-003/IP-N00232/2019-2020/12697, as the Interim Resolution Professional to carry out the functions as mentioned under the Insolvency & Bankruptcy code (IBC).

 

Subsequent to this, the Committee of Creditors (CoC) of SCL had approved the resolution for replacement of Interim Resolution Professional (IRP) by the undersigned as the Resolution Professional (RP) for the Corporate Insolvency Resolution Process of SCL in the 1st COC meeting (e-voting conducted between 13th April 2021 and 15th April 2021). Pursuant to this, Hon’ble NCLT vide its order dated 02nd Jun 2021 (order received on 6th Jun 2021) has approved appointment of Mr. Sripatham Venkatasubramanian Ramkumar (IP Registration no. IBBI/IPA-001/IP-P00015/2016-17/10039) as Resolution Professional of SCL.

As per the provisions of IBC, I would like to intimate you about the following which will be in effect from 6th Jun 2021 –

  1. the management of the affairs of the company shall vest in the Resolution Professional
  2. all the powers of the board of directors, shall cease to have effect and shall be vested in the Resolution Professional

Key dates:

Date Event Document
22nd November 2021 Form G Revised
22nd November 2021 Invitation for EOI – draft format
22nd November 2021 ELIGIBILITY CRITERIA and Terms and conditions FOR POTENTIAL RESOLUTION APPLICANTS
29th October 2021 Notice for Sale of Equity Interest
29th October 2021 TC for Sale of Equity Interest
25th October 2021 Financial Creditor Claims
25th October 2021 Operational Creditor Claims
25th October 2021 Employee Claims
25th October 2021 Other Creditors Claims
Sep 28, 2021 Notice for Sale of Equity Interest
Sep 28, 2021 TC for Sale of Equity Interest
Sep 28, 2021 SLL form G 28-09-2021 signed
Aug 26, 2021 Form G Revised
July 30, 2021 Form G Revised
July 3, 2021 Invitation for Expression of Interest
Jun 2, 2021
(Received on Jun 6, 2021)
Change from IRP to RP
Apr 5, 2021 List of Creditors published by IRP
Mar 11, 2021 Public Announcement made by IRP
(calling for claims)
Mar 10, 2021 Initiation of CIRP

 

Below are the links for online submission of claim forms for SICAL:

    • Click here for accessing Form B – for operational creditors (except workmen or employees)
    • Click here for accessing Form C – for financial creditors
    • Click here for accessing Form D – for workmen or employees
    • Click here for accessing Form E – for authorised representative of workmen and employees
    • Click here for accessing Form F – for creditors (other than Financial creditors and operational creditors)

For any queries related to CIRP, please write to ip.sical@in.ey.com

For any queries from employees (current and ex-employees), you may please write to SLLHR@sical.com