Phoenix ARC Pvt. Ltd. filed an appeal against the order dated 24.04.2023 passed by the Adjudicating Authority (NCLT, Principal Bench, New Delhi) in IA No.702/2022 in CP(IB) No.300(PB)/2020, which approved the Resolution Plan for Sare Gurugram Pvt. Ltd.
Sare Gurugram Pvt. Ltd. is a corporate debtor engaged in the construction and development of real estate projects.
Sun Agrifresh Industries Pvt. Ltd. (Borrower) approached Bajaj Finance Ltd. for financial facilities for seven flats developed by Sare Gurugram.
Bajaj Finance Ltd. advanced Rs.6,65,08,737/- to Sun Agrifresh Industries against an equitable mortgage.
A Tripartite Agreement was entered between the Borrower, Corporate Debtor, and Bajaj Finance Ltd. in July 2015.
Asset Care and Reconstruction Enterprises Ltd. (ACREL) filed an application under Section 7 of IBC against the Corporate Debtor.
CIRP commenced against the Corporate Debtor on 09.03.2021.
Ajit Gyanchand Jain was appointed as Interim Resolution Professional (IRP).
…Sign in to view the parties.
Company Petiti…
Corporate Insolvency…
Phoenix ARC Pvt. Ltd. filed an appeal against the order dated 24.04.2023 passed by the Adjudicating Authority (NCLT, Principal Bench, New Delhi) in IA No.702/2022 in CP(IB) No.300(PB)/2020, which approved the Resolution Plan for Sare Gurugram Pvt. Ltd.
Sare Gurugram Pvt. Ltd. is a corporate debtor engaged in the construction and development of real estate projects.
Sun Agrifresh Industries Pvt. Ltd. (Borrower) approached Bajaj Finance Ltd. for financial facilities for seven flats developed by Sare Gurugram.
Bajaj Finance Ltd. advanced Rs.6,65,08,737/- to Sun Agrifresh Industries against an equitable mortgage.
A Tripartite Agreement was entered between the Borrower, Corporate Debtor, and Bajaj Finance Ltd. in July 2015.
Asset Care and Reconstruction Enterprises Ltd. (ACREL) filed an application under Section 7 of IBC against the Corporate Debtor.
CIRP commenced against the Corporate Debtor on 09.03.2021.
Ajit Gyanchand Jain was appointed as Interim Resolution Professional (IRP).
…Company Petiti…
Corporate Insolvency…