The case involves the Corporate Insolvency Resolution Process (CIRP) of Maple Realcon Pvt. Ltd. initiated by an Operational Creditor. Soho Infrastructure Pvt. Ltd., another entity also undergoing CIRP, filed applications resisting the resolution plan submitted by the Resolution Professional (RP). Soho Infrastructure claimed a construction contract with Maple Realcon and sought possession of equipment at Maple Realcon's project site, 'Misty Heights'. The RP contested Soho Infrastructure's claims, alleging fabricated documents and a mala fide intention to stall the resolution plan. The Committee of Creditors (CoC) approved a resolution plan submitted by Apex Heights Pvt. Ltd.
Maple Realcon Pvt. Ltd. (MRPL) is a real estate company undergoing CIRP. The CIRP was initiated by an Operational Creditor. Soho Infrastructure Pvt. Ltd., also under CIRP, filed applications (IA 1415/2019 and 1417/2019) objecting to the resolution plan. Soho Infrastructure claimed a construction contract dated 07.09.2015 with MRPL for the 'Misty Heights' project and filed a claim of Rs. 45,70,80,961/-, which the RP admitted only to the extent of Rs. 17,01,182/-. Soho Infrastructure also sought possession of equipment worth Rs. 6,64,00,000/- lying at MRPL's project site. The RP argued that Soho Infrastructure's claim was based on fabricated facts and that the construction agreement was a fabricated document, noting discrepancies in the dates and a denial of execution by
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The CIRP of Maple Realcon Pvt. Ltd. was…
Moratorium imposed vide…
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The case involves the Corporate Insolvency Resolution Process (CIRP) of Maple Realcon Pvt. Ltd. initiated by an Operational Creditor. Soho Infrastructure Pvt. Ltd., another entity also undergoing CIRP, filed applications resisting the resolution plan submitted by the Resolution Professional (RP). Soho Infrastructure claimed a construction contract with Maple Realcon and sought possession of equipment at Maple Realcon's project site, 'Misty Heights'. The RP contested Soho Infrastructure's claims, alleging fabricated documents and a mala fide intention to stall the resolution plan. The Committee of Creditors (CoC) approved a resolution plan submitted by Apex Heights Pvt. Ltd.
Maple Realcon Pvt. Ltd. (MRPL) is a real estate company undergoing CIRP. The CIRP was initiated by an Operational Creditor. Soho Infrastructure Pvt. Ltd., also under CIRP, filed applications (IA 1415/2019 and 1417/2019) objecting to the resolution plan. Soho Infrastructure claimed a construction contract dated 07.09.2015 with MRPL for the 'Misty Heights' project and filed a claim of Rs. 45,70,80,961/-, which the RP admitted only to the extent of Rs. 17,01,182/-. Soho Infrastructure also sought possession of equipment worth Rs. 6,64,00,000/- lying at MRPL's project site. The RP argued that Soho Infrastructure's claim was based on fabricated facts and that the construction agreement was a fabricated document, noting discrepancies in the dates and a denial of execution by
…The CIRP of Maple Realcon Pvt. Ltd. was…
Moratorium imposed vide…
Sign in to view related legal provisions.