The case involves an application filed by Mr. Pawan Kumar Garg, the Resolution Professional (RP) for Puma Realtors Pvt. Ltd., seeking approval of a resolution plan under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulation 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application also sought a declaration that the approved plan would be binding on all stakeholders and that the moratorium would cease to have effect. The Corporate Insolvency Resolution Process (CIRP) for Puma Realtors Pvt. Ltd. was initiated by an order dated October 17, 2018, following a petition filed by financial creditors, Mr. Paramjit Singh Saini and another, under Section 7 of the IBC. Mr. Pawan Kumar Garg was
…The application, CA No. 2083(PB)/2019, was filed by Mr. Pawan Kumar Garg, the Resolution Professional (RP) for Puma Realtors Pvt. Ltd., seeking approval of a resolution plan. The application was filed under Sections 30 & 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulation 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The primary objective was to get the resolution plan approved, declare it binding on all stakeholders, and cease the moratorium.
The Adjudicating Authority admitted CP…
Moratorium imposed in…
The case involves an application filed by Mr. Pawan Kumar Garg, the Resolution Professional (RP) for Puma Realtors Pvt. Ltd., seeking approval of a resolution plan under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulation 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application also sought a declaration that the approved plan would be binding on all stakeholders and that the moratorium would cease to have effect. The Corporate Insolvency Resolution Process (CIRP) for Puma Realtors Pvt. Ltd. was initiated by an order dated October 17, 2018, following a petition filed by financial creditors, Mr. Paramjit Singh Saini and another, under Section 7 of the IBC. Mr. Pawan Kumar Garg was
…The application, CA No. 2083(PB)/2019, was filed by Mr. Pawan Kumar Garg, the Resolution Professional (RP) for Puma Realtors Pvt. Ltd., seeking approval of a resolution plan. The application was filed under Sections 30 & 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulation 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The primary objective was to get the resolution plan approved, declare it binding on all stakeholders, and cease the moratorium.
The Adjudicating Authority admitted CP…
Moratorium imposed in…