The case pertains to an application filed by Mr. Deepankur Sharma, the Resolution Professional, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Narendra Kumar Srivastava for Jaryal Motor Finance Company Limited.
The Corporate Debtor, Jaryal Motor Finance Company Limited, was incorporated on 29.01.1991.
Company Petition CP(IB) No. 178/CH/HP/2023 was filed by 133 Financial Creditors led by Sh. Chandu Ram and was admitted on 24.04.2024.
Mr. Deepankur Sharma was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional.
The CoC was constituted on 15.05.2024, comprising Financial Creditors in a class admitted as Unsecured Financial Creditor.
Narendra Kumar Srivastava submitted the Resolution Plan, which was approved by the CoC with 100% voting share.
The Resolution Applicant proposed to acquire 100% stake in the Corporate Debtor for Rs. 15,00,000/-.
The Resolution Applicant has submitted a Performance Guarantee amounting to Rs. 3 lakhs.
…Sign in to view the parties.
Company Petition CP(IB) No. 178/CH/HP/2023 was…
Mr. Deepankur Sharma was appointed as the…
The case pertains to an application filed by Mr. Deepankur Sharma, the Resolution Professional, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Narendra Kumar Srivastava for Jaryal Motor Finance Company Limited.
The Corporate Debtor, Jaryal Motor Finance Company Limited, was incorporated on 29.01.1991.
Company Petition CP(IB) No. 178/CH/HP/2023 was filed by 133 Financial Creditors led by Sh. Chandu Ram and was admitted on 24.04.2024.
Mr. Deepankur Sharma was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional.
The CoC was constituted on 15.05.2024, comprising Financial Creditors in a class admitted as Unsecured Financial Creditor.
Narendra Kumar Srivastava submitted the Resolution Plan, which was approved by the CoC with 100% voting share.
The Resolution Applicant proposed to acquire 100% stake in the Corporate Debtor for Rs. 15,00,000/-.
The Resolution Applicant has submitted a Performance Guarantee amounting to Rs. 3 lakhs.
…Company Petition CP(IB) No. 178/CH/HP/2023 was…
Mr. Deepankur Sharma was appointed as the…