The case involves an application filed by the Resolution Professional (RP) of M/s Rexsona Tiles Private Limited (Corporate Debtor) under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan.
M/s Bell Impex filed an application under Section 9 of the IBC, 2016, which initiated the CIRP against Rexsona Tiles Pvt. Ltd.
The CIRP was initiated against the Corporate Debtor on 06.12.2024.
Mr. Iqbal Singh Gandhi was initially appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) was formed, with M/s. Mahadev Construction Private Limited as the sole member, holding 100% voting share.
Mr. Vinod Tarachand Agrawal replaced Mr. Iqbal Singh Gandhi as the Resolution Professional (RP).
The RP received resolution plans from M/s. Sarang Industries and Mrs. Sonal Sumit Mehta.
The CoC approved the resolution plan submitted by Mrs. Sonal Sumit Mehta with 100% assent.
The resolution plan proposed a total payment of Rs. 53,00,000/-.
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M/s Bell Impex filed an…
CIRP was ini…
The case involves an application filed by the Resolution Professional (RP) of M/s Rexsona Tiles Private Limited (Corporate Debtor) under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan.
M/s Bell Impex filed an application under Section 9 of the IBC, 2016, which initiated the CIRP against Rexsona Tiles Pvt. Ltd.
The CIRP was initiated against the Corporate Debtor on 06.12.2024.
Mr. Iqbal Singh Gandhi was initially appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) was formed, with M/s. Mahadev Construction Private Limited as the sole member, holding 100% voting share.
Mr. Vinod Tarachand Agrawal replaced Mr. Iqbal Singh Gandhi as the Resolution Professional (RP).
The RP received resolution plans from M/s. Sarang Industries and Mrs. Sonal Sumit Mehta.
The CoC approved the resolution plan submitted by Mrs. Sonal Sumit Mehta with 100% assent.
The resolution plan proposed a total payment of Rs. 53,00,000/-.
…M/s Bell Impex filed an…
CIRP was ini…