The case pertains to the approval of a resolution plan for M/S Jasper Engineers Private Limited, the Corporate Debtor, under Section 31 of the Insolvency and Bankruptcy Code, 2016. An application was filed by the Resolution Professional, Mr. Hemant Gupta, seeking this approval. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the Code by an Operational Creditor, Mr. Shanti Lal Jain. The application was admitted on September 5, 2018, and Mr. Hemant Gupta was appointed as the Interim Resolution Professional. Public announcements were made, and the Committee of Creditors (CoC) was formed. The CoC approved a resolution plan submitted by M/s BCH Electric Limited with a 100% majority vote.
Mr. Shanti Lal Jain, an Operational Creditor of M/s Jasper Engineers Private Limited (the Corporate Debtor), initiated the Corporate Insolvency Resolution Process (CIRP) by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on September 5, 2018, leading to the imposition of a moratorium. Mr. Hemant Gupta was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The first meeting of the Committee of Creditors (CoC) was held on October 6, 2018, where Mr. Hemant Gupta was appointed as the Resolution Professional (RP). Two registered valuers, M/s Crest Capital and M/s Sapient Services Private Limited, were engaged to determine the fair value and
…Sign in to view the parties.
Application under Section 9 of the Code by Mr.…
First Meeting of COC held, wherein Mr. Hemant…
The case pertains to the approval of a resolution plan for M/S Jasper Engineers Private Limited, the Corporate Debtor, under Section 31 of the Insolvency and Bankruptcy Code, 2016. An application was filed by the Resolution Professional, Mr. Hemant Gupta, seeking this approval. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the Code by an Operational Creditor, Mr. Shanti Lal Jain. The application was admitted on September 5, 2018, and Mr. Hemant Gupta was appointed as the Interim Resolution Professional. Public announcements were made, and the Committee of Creditors (CoC) was formed. The CoC approved a resolution plan submitted by M/s BCH Electric Limited with a 100% majority vote.
Mr. Shanti Lal Jain, an Operational Creditor of M/s Jasper Engineers Private Limited (the Corporate Debtor), initiated the Corporate Insolvency Resolution Process (CIRP) by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on September 5, 2018, leading to the imposition of a moratorium. Mr. Hemant Gupta was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The first meeting of the Committee of Creditors (CoC) was held on October 6, 2018, where Mr. Hemant Gupta was appointed as the Resolution Professional (RP). Two registered valuers, M/s Crest Capital and M/s Sapient Services Private Limited, were engaged to determine the fair value and
…Application under Section 9 of the Code by Mr.…
First Meeting of COC held, wherein Mr. Hemant…