The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. It also concerns an application under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Rule 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of the National Company Law Tribunal Rules, 2016. The Adjudicating Authority admitted the Corporate Insolvency Resolution Process (CIRP) application filed by the financial creditor under Section 7 of the I&B Code, 2016. The Interim Resolution Professional (IRP) was appointed, who then issued announcements in
…Edelweiss Asset Reconstruction Company Limited initiated Corporate Insolvency Resolution Process (CIRP) against Jalan Intercontinental Hotels Private Limited by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the application and appointed an Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The RP invited claims from creditors and constituted a Committee of Creditors (CoC). The CIRP period was extended. Multiple entities expressed interest in submitting resolution plans, and after a series of evaluations and challenges, the CoC approved the resolution plan submitted by H-1 bidder with a 99.67% vote share. The H-2 bidder challenged the declaration of
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The IRP issued the announcement in two…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. It also concerns an application under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Rule 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of the National Company Law Tribunal Rules, 2016. The Adjudicating Authority admitted the Corporate Insolvency Resolution Process (CIRP) application filed by the financial creditor under Section 7 of the I&B Code, 2016. The Interim Resolution Professional (IRP) was appointed, who then issued announcements in
…Edelweiss Asset Reconstruction Company Limited initiated Corporate Insolvency Resolution Process (CIRP) against Jalan Intercontinental Hotels Private Limited by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the application and appointed an Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The RP invited claims from creditors and constituted a Committee of Creditors (CoC). The CIRP period was extended. Multiple entities expressed interest in submitting resolution plans, and after a series of evaluations and challenges, the CoC approved the resolution plan submitted by H-1 bidder with a 99.67% vote share. The H-2 bidder challenged the declaration of
…The Adjudicating Authority admitted the…
The IRP issued the announcement in two…