The Corporate Insolvency Resolution Process (CIRP) for Sabari Realtors Private Limited was initiated by the Tribunal based on an application by a Financial Creditor under Section 7 of the IBC. An Interim Resolution Professional (IRP) was initially appointed but later expressed inability to continue. Subsequently, another IRP, Ms. Geetha Sridhar, was appointed. A public announcement was made, and the Insolvency Commencement Date was declared. The Committee of Creditors (CoC) was formed, and meetings were held. HDFC Bank, a financial creditor, entered into a One Time Settlement (OTS) with the Corporate Debtor. The Resolution Professional (RP) filed an application seeking to extend the CIRP period and exclude the COVID-19 lockdown period. The CIRP period of 270 days ended

The Corporate Insolvency Resolution Process (CIRP) for Sabari Realtors Private Limited was initiated by the Tribunal based on an application by a Financial Creditor under Section 7 of the IBC. An Interim Resolution Professional (IRP) was initially appointed but later expressed inability to continue. Subsequently, another IRP, Ms. Geetha Sridhar, was appointed. A public announcement was made, and the Insolvency Commencement Date was declared. The Committee of Creditors (CoC) was formed, and meetings were held. HDFC Bank, a financial creditor, entered into a One Time Settlement (OTS) with the Corporate Debtor. The Resolution Professional (RP) filed an application seeking to extend the CIRP period and exclude the COVID-19 lockdown period. The CIRP period of 270 days ended