The case pertains to IA No. 331 of 2021 in CP (IB) No.105/Chd/Hry/2019 before the National Company Law Tribunal (NCLT), Chandigarh Bench, concerning the insolvency resolution of C&C Towers Limited. The application was filed by Mr. Gaurav Khurana, the Resolution Professional (RP), seeking approval of the resolution plan under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition by Mrs. Kusum Chadha Ahuja & Anr., financial creditors, and admitted on 10.10.2019. The resolution plan was approved by the Committee of Creditors (CoC) with a 100% voting share in its 17th meeting held on April 27, 2021. The case involves disputes with GMADA (Greater Mohali Area
…The Corporate Insolvency Resolution Process (CIRP) was initiated against C&C Towers Limited following a petition by financial creditors, Mrs. Kusum Chadha Ahuja & Anr. The CIRP was admitted on 10.10.2019. Mr. Amit Gupta was initially appointed as the Insolvency Resolution Professional (IRP), later replaced by Mr. Gaurav Khurana. A public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was constituted, comprising Edelweiss Asset Reconstruction Company Limited, Punjab & Sind Bank, allottees, and deposit holders. Disputes arose between C&C Towers Limited and GMADA, leading to a termination notice issued by GMADA on 04.04.2016. The CoC approved a resolution plan submitted by Mahakram Developers Private Limited (MDPL)
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The Company Petition CP(IB)…
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The case pertains to IA No. 331 of 2021 in CP (IB) No.105/Chd/Hry/2019 before the National Company Law Tribunal (NCLT), Chandigarh Bench, concerning the insolvency resolution of C&C Towers Limited. The application was filed by Mr. Gaurav Khurana, the Resolution Professional (RP), seeking approval of the resolution plan under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition by Mrs. Kusum Chadha Ahuja & Anr., financial creditors, and admitted on 10.10.2019. The resolution plan was approved by the Committee of Creditors (CoC) with a 100% voting share in its 17th meeting held on April 27, 2021. The case involves disputes with GMADA (Greater Mohali Area
…The Corporate Insolvency Resolution Process (CIRP) was initiated against C&C Towers Limited following a petition by financial creditors, Mrs. Kusum Chadha Ahuja & Anr. The CIRP was admitted on 10.10.2019. Mr. Amit Gupta was initially appointed as the Insolvency Resolution Professional (IRP), later replaced by Mr. Gaurav Khurana. A public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was constituted, comprising Edelweiss Asset Reconstruction Company Limited, Punjab & Sind Bank, allottees, and deposit holders. Disputes arose between C&C Towers Limited and GMADA, leading to a termination notice issued by GMADA on 04.04.2016. The CoC approved a resolution plan submitted by Mahakram Developers Private Limited (MDPL)
…The Company Petition CP(IB)…
A Public Announcement in Form A, as mandated by…