Green Soul Ergonomics Pvt. Ltd. (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 01.05.2024, with Mr. Vishal Jain appointed as the Resolution Professional (RP). A consortium consisting of Wafi Investments Ltd. and Mr. Suhail Sameer submitted a resolution plan. This plan, along with two addendums, was initially approved by the Committee of Creditors (CoC) on 11.11.2024. Subsequently, the consortium sought to induct OTP Venture Funds Scheme I as an additional member, leading to a revised consortium agreement and changes in shareholding. The CoC approved this reconstitution on 04.12.2024 and re-approved the modified resolution plan on 09.12.2024. The RP then filed an application with the Adjudicating Authority for approval of the
…Green Soul Ergonomics Pvt. Ltd. (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 01.05.2024.
Mr. Vishal Jain was appointed as Interim Resolution Professional (IRP) and subsequently confirmed as Resolution Professional (RP).
On 09.06.2024, the RP issued 'Form-G' inviting Expression of Interest (EoI).
A consortium of Wafi Investments Ltd. (60% shareholding) and Mr. Suhail Sameer (40% shareholding) submitted an EOI and a resolution plan dated 16.09.2024.
On 11.11.2024, at the 10th CoC Meeting, the resolution plan with the first Addendum (submitted 03.10.2024) and second Addendum (submitted 07.11.2024) was approved by the CoC with 95.44% voting share.
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Green Soul Ergonomics Pvt. Ltd. was admitted…
The Resolution…
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Green Soul Ergonomics Pvt. Ltd. (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 01.05.2024, with Mr. Vishal Jain appointed as the Resolution Professional (RP). A consortium consisting of Wafi Investments Ltd. and Mr. Suhail Sameer submitted a resolution plan. This plan, along with two addendums, was initially approved by the Committee of Creditors (CoC) on 11.11.2024. Subsequently, the consortium sought to induct OTP Venture Funds Scheme I as an additional member, leading to a revised consortium agreement and changes in shareholding. The CoC approved this reconstitution on 04.12.2024 and re-approved the modified resolution plan on 09.12.2024. The RP then filed an application with the Adjudicating Authority for approval of the
…Green Soul Ergonomics Pvt. Ltd. (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 01.05.2024.
Mr. Vishal Jain was appointed as Interim Resolution Professional (IRP) and subsequently confirmed as Resolution Professional (RP).
On 09.06.2024, the RP issued 'Form-G' inviting Expression of Interest (EoI).
A consortium of Wafi Investments Ltd. (60% shareholding) and Mr. Suhail Sameer (40% shareholding) submitted an EOI and a resolution plan dated 16.09.2024.
On 11.11.2024, at the 10th CoC Meeting, the resolution plan with the first Addendum (submitted 03.10.2024) and second Addendum (submitted 07.11.2024) was approved by the CoC with 95.44% voting share.
…Green Soul Ergonomics Pvt. Ltd. was admitted…
The Resolution…
Sign in to view related legal provisions.