The case involves two Interlocutory Applications (IAs), IA (IB) No. 716/KB/2020 and IA (IB) No. 871/KB/2020, filed in connection with CP (IB) No. 846/KB/2019. The primary application, IA (IB) No. 716/KB/2020, was filed by the Resolution Professional (RP) of Skipper Homes Private Limited, seeking approval of a resolution plan under section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016. The underlying Company Petition, CP (IB) No. 846/KB/2019, was initiated by Orchid Barter Private Limited against Skipper Homes Private Limited, the Corporate Debtor, under section 7 of the IBC, and was admitted on 21.10.2019. IA (IB) No. 871/KB/2020 was filed by Aditya Birla Finance Limited, a secured financial creditor, objecting to certain clauses of the resolution plan,
…Orchid Barter Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Skipper Homes Private Limited ('Corporate Debtor') under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was admitted on 21.10.2019. Mr. Mahesh Chand Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcement was made on 23.10.2019, inviting claims from creditors. Seven Committee of Creditors (CoC) meetings were held. Invitations for Expressions of Interest (EoI) were issued on 04.01.2020, with a deadline of 19.01.2020. Two EOIs were received, and one resolution plan was submitted by Curtainman Online Private Limited. The CoC decided to conduct e-voting on the
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The underlying Company…
The IRP made public announcement regarding…
The case involves two Interlocutory Applications (IAs), IA (IB) No. 716/KB/2020 and IA (IB) No. 871/KB/2020, filed in connection with CP (IB) No. 846/KB/2019. The primary application, IA (IB) No. 716/KB/2020, was filed by the Resolution Professional (RP) of Skipper Homes Private Limited, seeking approval of a resolution plan under section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016. The underlying Company Petition, CP (IB) No. 846/KB/2019, was initiated by Orchid Barter Private Limited against Skipper Homes Private Limited, the Corporate Debtor, under section 7 of the IBC, and was admitted on 21.10.2019. IA (IB) No. 871/KB/2020 was filed by Aditya Birla Finance Limited, a secured financial creditor, objecting to certain clauses of the resolution plan,
…Orchid Barter Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Skipper Homes Private Limited ('Corporate Debtor') under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was admitted on 21.10.2019. Mr. Mahesh Chand Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcement was made on 23.10.2019, inviting claims from creditors. Seven Committee of Creditors (CoC) meetings were held. Invitations for Expressions of Interest (EoI) were issued on 04.01.2020, with a deadline of 19.01.2020. Two EOIs were received, and one resolution plan was submitted by Curtainman Online Private Limited. The CoC decided to conduct e-voting on the
…The underlying Company…
The IRP made public announcement regarding…