The case involves an application for the approval of a resolution plan for Arena Superstructures Private Limited, the corporate debtor, under Sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016. Several interlocutory applications were filed, including objections to the resolution plan by Assets Care and Reconstruction Enterprise Ltd. (ACRE) and New Okhla Industrial Development Authority (NOIDA).
The underlying Company Petition, CP (IB) 875(PB)/2020, was filed by M/s. Dhankalash Distributors Private Limited (Financial Creditor) against Arena Superstructures Private Limited (Corporate Debtor) under Section 7 of the Code. The Corporate Insolvency Resolution Process (CIRP) was initiated by an order dated October 29, 2020. Mr. Pawan Kumar Singal was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Ayyagiri Viswanadha on June 9, 2021.
…The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP)…
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The case involves an application for the approval of a resolution plan for Arena Superstructures Private Limited, the corporate debtor, under Sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016. Several interlocutory applications were filed, including objections to the resolution plan by Assets Care and Reconstruction Enterprise Ltd. (ACRE) and New Okhla Industrial Development Authority (NOIDA).
The underlying Company Petition, CP (IB) 875(PB)/2020, was filed by M/s. Dhankalash Distributors Private Limited (Financial Creditor) against Arena Superstructures Private Limited (Corporate Debtor) under Section 7 of the Code. The Corporate Insolvency Resolution Process (CIRP) was initiated by an order dated October 29, 2020. Mr. Pawan Kumar Singal was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Ayyagiri Viswanadha on June 9, 2021.
…The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP)…
Sign in to view related legal provisions.