Relan Buildwell Pvt. Ltd., the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kaliber Associates Pvt. Ltd., the Corporate Debtor, by filing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted, and an Interim Resolution Professional (IRP) was appointed. Subsequently, the IRP was replaced by Ms. Ritu Rastogi, who was later replaced by Mr. Mohan Lal Jain. Despite attempts to invite Expression of Interest (EOI) and formulate a resolution plan, no viable plan was received. The Committee of Creditors (CoC) initially rejected the resolution for liquidation but ultimately, due to the absence of any resolution plan and the expiry of the CIRP period, the Resolution Professional
…Relan Buildwell Pvt. Ltd., the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kaliber Associates Pvt. Ltd., the Corporate Debtor. The application was admitted by the NCLT, and an Interim Resolution Professional (IRP) was appointed. The IRP was later replaced by Ms. Ritu Rastogi, and subsequently by Mr. Mohan Lal Jain. The Committee of Creditors (CoC) was formed, consisting of BDR Builders & Developers Pvt. Ltd, Columbia Buildtech Pvt. Ltd, Paradise Systems Pvt. Ltd, Aadhar Infraholding Limited, Union Bank of India and Relan Buildwell Pvt. Ltd. The RP invited Expression of Interest (EOI) for resolution plans, but no EOI was received. The
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Relan Buildwell Pvt. Ltd. filed application No.…
The application filed…
Relan Buildwell Pvt. Ltd., the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kaliber Associates Pvt. Ltd., the Corporate Debtor, by filing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted, and an Interim Resolution Professional (IRP) was appointed. Subsequently, the IRP was replaced by Ms. Ritu Rastogi, who was later replaced by Mr. Mohan Lal Jain. Despite attempts to invite Expression of Interest (EOI) and formulate a resolution plan, no viable plan was received. The Committee of Creditors (CoC) initially rejected the resolution for liquidation but ultimately, due to the absence of any resolution plan and the expiry of the CIRP period, the Resolution Professional
…Relan Buildwell Pvt. Ltd., the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kaliber Associates Pvt. Ltd., the Corporate Debtor. The application was admitted by the NCLT, and an Interim Resolution Professional (IRP) was appointed. The IRP was later replaced by Ms. Ritu Rastogi, and subsequently by Mr. Mohan Lal Jain. The Committee of Creditors (CoC) was formed, consisting of BDR Builders & Developers Pvt. Ltd, Columbia Buildtech Pvt. Ltd, Paradise Systems Pvt. Ltd, Aadhar Infraholding Limited, Union Bank of India and Relan Buildwell Pvt. Ltd. The RP invited Expression of Interest (EOI) for resolution plans, but no EOI was received. The
…Relan Buildwell Pvt. Ltd. filed application No.…
The application filed…