The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Ahinsa Buildtech Private Limited. The CIRP was initiated following an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The corporate debtor is a subsidiary of Orbit Corporation Limited, which is under liquidation by an order of the Bombay High Court. The resolution professional (RP) received claims from financial creditors, financial creditors in a class (home buyers), and operational creditors. The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution plan. The RP also filed an application to determine the status of Umesh Suppliers Private Limited (USPL) as a related party. Several resolution plans were submitted, and
…Ahinsa Buildtech Private Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) following an application under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor is a subsidiary of Orbit Corporation Limited, which is under liquidation. The Interim Resolution Professional (IRP) was appointed and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The RP received claims from financial creditors, financial creditors in a class (home buyers), and operational creditors. A Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution plan. Key events include the admission of the Corporate Debtor into CIRP on 2019-11-04, the appointment
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Corporate Debtor was…
IRP recei…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Ahinsa Buildtech Private Limited. The CIRP was initiated following an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The corporate debtor is a subsidiary of Orbit Corporation Limited, which is under liquidation by an order of the Bombay High Court. The resolution professional (RP) received claims from financial creditors, financial creditors in a class (home buyers), and operational creditors. The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution plan. The RP also filed an application to determine the status of Umesh Suppliers Private Limited (USPL) as a related party. Several resolution plans were submitted, and
…Ahinsa Buildtech Private Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) following an application under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor is a subsidiary of Orbit Corporation Limited, which is under liquidation. The Interim Resolution Professional (IRP) was appointed and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The RP received claims from financial creditors, financial creditors in a class (home buyers), and operational creditors. A Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution plan. Key events include the admission of the Corporate Debtor into CIRP on 2019-11-04, the appointment
…Corporate Debtor was…
IRP recei…