The case involves an application under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, regarding the approval of a resolution plan for Shree Ram Cottex Industries Private Limited. The CIRP was initiated following an application under Section 7 by Raj Radhe Finance Limited, a Financial Creditor.
CIRP was initiated on 17.07.2023 following an application under Section 7 of IBC by Raj Radhe Finance Limited.
Keyur Jagdishbhai Shah was appointed as Interim Resolution Professional (IRP).
Raj Radhe Finance Limited is the sole member of the Committee of Creditors (CoC) with 100% voting power.
A resolution plan submitted by Sureshbhai Govindhbhai Lunagariya was previously approved by the CoC but rejected by the Adjudicating Authority on 30.09.2024.
SPP Insolvency Professional LLP was appointed as the new Resolution Professional (RP) after the rejection of the previous plan.
Gunvantrai Vrajlal Bhadani submitted a resolution plan for Rs. 1.5 crores, which was approved by the CoC.
…Sign in to view the parties.
Application under Section 7 of the Insolvency…
CIRP initiated…
The case involves an application under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, regarding the approval of a resolution plan for Shree Ram Cottex Industries Private Limited. The CIRP was initiated following an application under Section 7 by Raj Radhe Finance Limited, a Financial Creditor.
CIRP was initiated on 17.07.2023 following an application under Section 7 of IBC by Raj Radhe Finance Limited.
Keyur Jagdishbhai Shah was appointed as Interim Resolution Professional (IRP).
Raj Radhe Finance Limited is the sole member of the Committee of Creditors (CoC) with 100% voting power.
A resolution plan submitted by Sureshbhai Govindhbhai Lunagariya was previously approved by the CoC but rejected by the Adjudicating Authority on 30.09.2024.
SPP Insolvency Professional LLP was appointed as the new Resolution Professional (RP) after the rejection of the previous plan.
Gunvantrai Vrajlal Bhadani submitted a resolution plan for Rs. 1.5 crores, which was approved by the CoC.
…Application under Section 7 of the Insolvency…
CIRP initiated…