The application was filed by the Resolution Professional (RP) for Samson and Sons Builders and Developers Pvt. Ltd. seeking approval of a resolution plan for the Orchid Valley Project, submitted by the Orchid Valley Apartment Buyers Association. The Corporate Insolvency Resolution Process (CIRP) was initiated against Samson and Sons Builders and Developers Pvt. Ltd. based on a petition filed by Mr. Vijayakumaran J., an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was admitted on November 3, 2021.
…The Corporate Debtor, Samson and Sons Builders and Developers Pvt. Ltd., was incorporated on July 27, 2009, and engaged in real estate development. Prior to the commencement of the Corporate Insolvency Resolution Process (CIRP), the company had ten projects under construction, with four of these projects having no construction initiated. The last Annual General Meeting (AGM) was held on September 30, 2014, and the balance sheet was filed with the Registrar of Companies (ROC) only up to March 31, 2014. The last audited balance sheet available was for March 31, 2015.
…Samson and Sons…
The Company Petition CP(IB)/05/KOB/2021 was…
The application was filed by the Resolution Professional (RP) for Samson and Sons Builders and Developers Pvt. Ltd. seeking approval of a resolution plan for the Orchid Valley Project, submitted by the Orchid Valley Apartment Buyers Association. The Corporate Insolvency Resolution Process (CIRP) was initiated against Samson and Sons Builders and Developers Pvt. Ltd. based on a petition filed by Mr. Vijayakumaran J., an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was admitted on November 3, 2021.
…The Corporate Debtor, Samson and Sons Builders and Developers Pvt. Ltd., was incorporated on July 27, 2009, and engaged in real estate development. Prior to the commencement of the Corporate Insolvency Resolution Process (CIRP), the company had ten projects under construction, with four of these projects having no construction initiated. The last Annual General Meeting (AGM) was held on September 30, 2014, and the balance sheet was filed with the Registrar of Companies (ROC) only up to March 31, 2014. The last audited balance sheet available was for March 31, 2015.
…Samson and Sons…
The Company Petition CP(IB)/05/KOB/2021 was…