The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016, by Mr. Ashish Vyas, the Resolution Professional (RP) of M/s. Maan Sarovar Properties Development Private Limited, the Corporate Debtor (CD), seeking liquidation.
CIRP was initiated against Maan Sarovar Properties Development Private Limited on 01.07.2022.
Ms. J. Karthiga was initially appointed as the Interim Resolution Professional (IRP).
Mr. Haralahalli Shekarappa Chandraseka later replaced the IRP as the Resolution Professional.
Ashish Vyas was appointed as the new Resolution Professional of the Corporate Debtor.
The CoC approved a resolution plan from M/s. Kences Constructions Private Limited, but it could not be implemented due to judicial restraints.
The Madras High Court restrained the Applicant from dealing with the Velachery project property.
NCLAT restrained the Applicant from dealing with the Manapakkam project.
The CoC resolved to liquidate the Corporate Debtor in its 30th meeting held on 07.05.2025.
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The Corporate…
Mr. Radhakrishnan…
The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016, by Mr. Ashish Vyas, the Resolution Professional (RP) of M/s. Maan Sarovar Properties Development Private Limited, the Corporate Debtor (CD), seeking liquidation.
CIRP was initiated against Maan Sarovar Properties Development Private Limited on 01.07.2022.
Ms. J. Karthiga was initially appointed as the Interim Resolution Professional (IRP).
Mr. Haralahalli Shekarappa Chandraseka later replaced the IRP as the Resolution Professional.
Ashish Vyas was appointed as the new Resolution Professional of the Corporate Debtor.
The CoC approved a resolution plan from M/s. Kences Constructions Private Limited, but it could not be implemented due to judicial restraints.
The Madras High Court restrained the Applicant from dealing with the Velachery project property.
NCLAT restrained the Applicant from dealing with the Manapakkam project.
The CoC resolved to liquidate the Corporate Debtor in its 30th meeting held on 07.05.2025.
…The Corporate…
Mr. Radhakrishnan…