Aldiam Motors Pvt. Ltd., engaged in motor vehicle sales and servicing, was admitted into Corporate Insolvency Resolution Process (CIRP) on May 6, 2025, following an application by IDBI Bank Limited. Mr. Manohar Lal Vij was appointed as the Resolution Professional (RP). A Resolution Plan submitted by M/s Meghdoot Leisure LLP was approved by the Committee of Creditors (CoC) with a 100% voting share. The RP filed an application (IA(Plan) No. 19 of 2025) seeking approval of this plan. Initially, the Adjudicating Authority rejected the plan, but the Hon'ble National Company Law Appellate Tribunal (NCLAT), in its judgment dated May 27, 2026, allowed appeals filed by the RP and the Successful Resolution Applicant (SRA), reviving the application for fresh consideration.
The Corporate Debtor, M/s Aldiam Motors Private Limited, is engaged in the business of sale and servicing of motor vehicles and has an agency of Hyundai Motor India Limited.
The Corporate Debtor was admitted into CIRP by the Adjudicating Authority vide order dated 06.05.2025 on an application under Section 7 of the Code filed by IDBI Bank Limited.
Mr. Manohar Lal Vij was appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional.
Public announcement in Form A was made on 09.05.2025, and claims were invited, collated, and admitted by the RP.
The Committee of Creditors (CoC), comprising IDBI Bank Limited as the sole financial creditor, was constituted on 26.05.2025.
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The Corporate Debtor was admitted into CIRP…
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Aldiam Motors Pvt. Ltd., engaged in motor vehicle sales and servicing, was admitted into Corporate Insolvency Resolution Process (CIRP) on May 6, 2025, following an application by IDBI Bank Limited. Mr. Manohar Lal Vij was appointed as the Resolution Professional (RP). A Resolution Plan submitted by M/s Meghdoot Leisure LLP was approved by the Committee of Creditors (CoC) with a 100% voting share. The RP filed an application (IA(Plan) No. 19 of 2025) seeking approval of this plan. Initially, the Adjudicating Authority rejected the plan, but the Hon'ble National Company Law Appellate Tribunal (NCLAT), in its judgment dated May 27, 2026, allowed appeals filed by the RP and the Successful Resolution Applicant (SRA), reviving the application for fresh consideration.
The Corporate Debtor, M/s Aldiam Motors Private Limited, is engaged in the business of sale and servicing of motor vehicles and has an agency of Hyundai Motor India Limited.
The Corporate Debtor was admitted into CIRP by the Adjudicating Authority vide order dated 06.05.2025 on an application under Section 7 of the Code filed by IDBI Bank Limited.
Mr. Manohar Lal Vij was appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional.
Public announcement in Form A was made on 09.05.2025, and claims were invited, collated, and admitted by the RP.
The Committee of Creditors (CoC), comprising IDBI Bank Limited as the sole financial creditor, was constituted on 26.05.2025.
…The Corporate Debtor was admitted into CIRP…
Public announcement in…