The case pertains to IA 390 of 2019 filed in C.P. (I.B) No.115/NCLT/AHM/2017 under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Umesh Harjivandas Ved, seeking approval of the Resolution Plan for Sadbhav Enterprises Pvt. Ltd. The Resolution Plan was duly approved by 74.85% voting of the Committee of Creditors (CoC). The Corporate Insolvency Resolution Process (CIRP) was initiated on 19.09.2017. Several IAs were filed during the CIRP, including IA 219 of 2018 seeking exclusion of a standstill period. The applicant issued a public announcement on 22.09.2017 and the CoC was constituted on 10.10.2017.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sadbhav Enterprises Pvt. Ltd. on 19.09.2017. Mr. Umesh Harjivandas Ved was appointed as the Resolution Professional (RP). The RP filed IA 390 of 2019 seeking approval of the Resolution Plan submitted by Kataria Automobiles Pvt. Ltd. The Resolution Plan was approved by 74.85% of the Committee of Creditors (CoC). The CoC was constituted on 10.10.2017. The last date for completion of the CIRP was initially 18.03.2018, which was later extended to 16.06.2018. IA 219 of 2018 was filed seeking exclusion of a standstill period from 13.12.2017 to 12.06.2018. The Resolution Plan includes provisions for secured financial creditors, unsecured financial creditors, and operational creditors. The interests of
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Corporate Ins…
Mr. Umesh Harjivandas…
The case pertains to IA 390 of 2019 filed in C.P. (I.B) No.115/NCLT/AHM/2017 under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Umesh Harjivandas Ved, seeking approval of the Resolution Plan for Sadbhav Enterprises Pvt. Ltd. The Resolution Plan was duly approved by 74.85% voting of the Committee of Creditors (CoC). The Corporate Insolvency Resolution Process (CIRP) was initiated on 19.09.2017. Several IAs were filed during the CIRP, including IA 219 of 2018 seeking exclusion of a standstill period. The applicant issued a public announcement on 22.09.2017 and the CoC was constituted on 10.10.2017.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sadbhav Enterprises Pvt. Ltd. on 19.09.2017. Mr. Umesh Harjivandas Ved was appointed as the Resolution Professional (RP). The RP filed IA 390 of 2019 seeking approval of the Resolution Plan submitted by Kataria Automobiles Pvt. Ltd. The Resolution Plan was approved by 74.85% of the Committee of Creditors (CoC). The CoC was constituted on 10.10.2017. The last date for completion of the CIRP was initially 18.03.2018, which was later extended to 16.06.2018. IA 219 of 2018 was filed seeking exclusion of a standstill period from 13.12.2017 to 12.06.2018. The Resolution Plan includes provisions for secured financial creditors, unsecured financial creditors, and operational creditors. The interests of
…Corporate Ins…
Mr. Umesh Harjivandas…