The case involves an application (IA-7/2025) filed in the Corporate Insolvency Resolution Process (CIRP) of Aqua Electronics & Solutions Private Limited. Savitur Infrastructure Private Limited initiated the CIRP as a financial creditor. The resolution professional (RP) sought approval for a resolution plan submitted by Gateway Investment Management Services (DIFC) Limited, which was approved by the Committee of Creditors (CoC) with a 100% voting share. The application details the various steps taken during the CIRP, including public announcements, constitution of the CoC, invitation for expression of interest (EOI) from prospective resolution applicants (PRAs), evaluation of resolution plans, and approval of the resolution plan by the CoC.
Savitur Infrastructure Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Aqua Electronics & Solutions Private Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was initiated after Aqua Electronics defaulted on its debt obligations to Savitur Infrastructure. Shamsher Bahadur Singh was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made public announcements inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss the resolution process. The RP invited Expressions of Interest (EOIs) from prospective resolution applicants (PRAs). Gateway
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The Hon'ble Adjudicating Authority admitted the…
The Hon'ble Adjudicating Authority declared a…
The case involves an application (IA-7/2025) filed in the Corporate Insolvency Resolution Process (CIRP) of Aqua Electronics & Solutions Private Limited. Savitur Infrastructure Private Limited initiated the CIRP as a financial creditor. The resolution professional (RP) sought approval for a resolution plan submitted by Gateway Investment Management Services (DIFC) Limited, which was approved by the Committee of Creditors (CoC) with a 100% voting share. The application details the various steps taken during the CIRP, including public announcements, constitution of the CoC, invitation for expression of interest (EOI) from prospective resolution applicants (PRAs), evaluation of resolution plans, and approval of the resolution plan by the CoC.
Savitur Infrastructure Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Aqua Electronics & Solutions Private Limited, the Corporate Debtor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was initiated after Aqua Electronics defaulted on its debt obligations to Savitur Infrastructure. Shamsher Bahadur Singh was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made public announcements inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss the resolution process. The RP invited Expressions of Interest (EOIs) from prospective resolution applicants (PRAs). Gateway
…The Hon'ble Adjudicating Authority admitted the…
The Hon'ble Adjudicating Authority declared a…