Central Bank of India sanctioned a term loan to Neptune Developers Private Limited, a company engaged in Real Estate Development.

The project land measuring 26.05 acres at Village Ambivali, Tal. Kalyan, and structures constructed were exclusively charged in favor of the Central Bank of India.

The CIRP was initiated against Neptune Developers Private Limited, and it was admitted on 16.07.2021.

Shree Naman Developers Pvt. Ltd. submitted a Resolution Plan that was approved by the CoC with 85.35% vote shares on 31.03.2023.

Central Bank of India, with an 11.83% voting share in the CoC, did not vote in favor of the resolution plan.

The Adjudicating Authority directed the appointment of a third valuer to value 'Project Swarajya' on 21.01.2025.

Central Bank of India sanctioned a term loan to Neptune Developers Private Limited, a company engaged in Real Estate Development.

The project land measuring 26.05 acres at Village Ambivali, Tal. Kalyan, and structures constructed were exclusively charged in favor of the Central Bank of India.

The CIRP was initiated against Neptune Developers Private Limited, and it was admitted on 16.07.2021.

Shree Naman Developers Pvt. Ltd. submitted a Resolution Plan that was approved by the CoC with 85.35% vote shares on 31.03.2023.

Central Bank of India, with an 11.83% voting share in the CoC, did not vote in favor of the resolution plan.

The Adjudicating Authority directed the appointment of a third valuer to value 'Project Swarajya' on 21.01.2025.