The case pertains to an application filed under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan for R G Buildestate Private Limited ('Corporate Debtor'). The insolvency application was initiated by the Financial Creditor, S J Services Private Limited, under Section 7 of the IBC. The Adjudicating Authority admitted the application on 30.01.2020. The Interim Resolution Professional (IRP) was appointed, and a public announcement was made on 02.02.2020, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 22.02.2020.
S J Services Private Limited, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against R G Buildestate Private Limited, the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 30.01.2020. An Interim Resolution Professional (IRP) was appointed, who made a public announcement on 02.02.2020, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 22.02.2020. The resolution plan submitted by One City Infrastructure Private Limited in consortium with Mr. Sunil Kumar Jain and Ms. Dipika Jain was approved by 100% of the CoC members. The resolution plan includes provisions for payment to financial creditors, operational creditors, and CIRP costs. The
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP) made a…
The case pertains to an application filed under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan for R G Buildestate Private Limited ('Corporate Debtor'). The insolvency application was initiated by the Financial Creditor, S J Services Private Limited, under Section 7 of the IBC. The Adjudicating Authority admitted the application on 30.01.2020. The Interim Resolution Professional (IRP) was appointed, and a public announcement was made on 02.02.2020, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 22.02.2020.
S J Services Private Limited, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against R G Buildestate Private Limited, the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 30.01.2020. An Interim Resolution Professional (IRP) was appointed, who made a public announcement on 02.02.2020, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 22.02.2020. The resolution plan submitted by One City Infrastructure Private Limited in consortium with Mr. Sunil Kumar Jain and Ms. Dipika Jain was approved by 100% of the CoC members. The resolution plan includes provisions for payment to financial creditors, operational creditors, and CIRP costs. The
…The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP) made a…