The case involves an application filed under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan submitted by the Resolution Applicant, Sonal Sumit Mehta, for the Corporate Debtor, Dharti Cotton Private Limited.
The financial creditor filed an insolvency application under Section 7 of the IBC, which was admitted on 25.10.2024.
The public announcement inviting claims from creditors was made on 27.10.2024, with the last date for submission of claims being 11.11.2024.
The Committee of Creditors (CoC) was constituted on 14.11.2024, comprising the sole financial creditor, Raj Radhe Finance Limited.
The RP published Form G on 28.11.2024, with the last date for receiving Eol being 13.12.2024.
The applicant received a final resolution plan from Sonal Sumit Mehta on 28.02.2025, with a further addendum on 05.03.2025.
The CoC approved the Resolution Plan with 100% voting share in its 5th meeting held on 07.03.2025.
The successful resolution applicant deposited an EMD amount of Rs. 4,30,000/-.
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The insolvency application filed by the…
Public announcement…
The case involves an application filed under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan submitted by the Resolution Applicant, Sonal Sumit Mehta, for the Corporate Debtor, Dharti Cotton Private Limited.
The financial creditor filed an insolvency application under Section 7 of the IBC, which was admitted on 25.10.2024.
The public announcement inviting claims from creditors was made on 27.10.2024, with the last date for submission of claims being 11.11.2024.
The Committee of Creditors (CoC) was constituted on 14.11.2024, comprising the sole financial creditor, Raj Radhe Finance Limited.
The RP published Form G on 28.11.2024, with the last date for receiving Eol being 13.12.2024.
The applicant received a final resolution plan from Sonal Sumit Mehta on 28.02.2025, with a further addendum on 05.03.2025.
The CoC approved the Resolution Plan with 100% voting share in its 5th meeting held on 07.03.2025.
The successful resolution applicant deposited an EMD amount of Rs. 4,30,000/-.
…The insolvency application filed by the…
Public announcement…