This application was filed by Mr. Amit Vijay Karia, the Resolution Professional of Rite Developers Private Limited, seeking the liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Rite Developers Private Limited on August 25, 2023, following a petition filed by Piramal Capital & Housing Finance Limited, the Financial Creditor, under Section 7 of the IBC. Mr. Amit Vijay Karia was initially appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional in the first Committee of Creditors (CoC) meeting held on November 17, 2023.

This application was filed by Mr. Amit Vijay Karia, the Resolution Professional of Rite Developers Private Limited, seeking the liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Rite Developers Private Limited on August 25, 2023, following a petition filed by Piramal Capital & Housing Finance Limited, the Financial Creditor, under Section 7 of the IBC. Mr. Amit Vijay Karia was initially appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional in the first Committee of Creditors (CoC) meeting held on November 17, 2023.