An application was filed under Section 30(6) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), by the Resolution Professional of the Corporate Debtor, Lokaa Developers Pvt Limited, seeking approval of a resolution plan submitted by the Successful Resolution Applicant (SRA), M One Flat Owners Association.
An application under Section 7 of the Insolvency and Bankruptcy Code was filed against Lokaa Developers Pvt Limited in CP(IB)/124/2023.
The Corporate Insolvency Resolution Process (CIRP) was initiated on 07.06.2024.
Ramakrishnan Sadasivan was appointed as the Interim Resolution Professional.
Public announcement was made on 12.06.2024 inviting claims from creditors, with a deadline of 24.06.2024.
The Resolution Plan was submitted by M One Flat Owners Association on 04.11.2024 and revised on 18.11.2024.
The Resolution Plan submitted by M One Flat Owners Association was approved by 87.23% of the voting share of the CoC.
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Corporate ins…
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An application was filed under Section 30(6) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), by the Resolution Professional of the Corporate Debtor, Lokaa Developers Pvt Limited, seeking approval of a resolution plan submitted by the Successful Resolution Applicant (SRA), M One Flat Owners Association.
An application under Section 7 of the Insolvency and Bankruptcy Code was filed against Lokaa Developers Pvt Limited in CP(IB)/124/2023.
The Corporate Insolvency Resolution Process (CIRP) was initiated on 07.06.2024.
Ramakrishnan Sadasivan was appointed as the Interim Resolution Professional.
Public announcement was made on 12.06.2024 inviting claims from creditors, with a deadline of 24.06.2024.
The Resolution Plan was submitted by M One Flat Owners Association on 04.11.2024 and revised on 18.11.2024.
The Resolution Plan submitted by M One Flat Owners Association was approved by 87.23% of the voting share of the CoC.
…Corporate ins…
Public announcement was…