The case involves an application (IA No. 1499/2022) filed by Mr. Vekas Kumar Garg, the Resolution Professional (RP) of Cambridge Energy Resources Private Limited, seeking approval of a resolution plan submitted by ConnectM Technology Solutions Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by E2E Telelink India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 26.03.2021, and Mr. Vekas Kumar Garg was appointed as the Interim Resolution Professional (IRP). The CoC consisted of one secured financial creditor, Indian Renewable Energy Development Agency Ltd. (IREDA), holding 100% voting share. The RP published Form-G on 28.07.2021, receiving five
…E2E Telelink India Pvt. Ltd., an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Cambridge Energy Resources Private Limited under Section 9 of the IBC, 2016. The application was admitted on 26.03.2021. Mr. Vekas Kumar Garg was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 02.04.2021 to invite claims. The Committee of Creditors (CoC) was formed with Indian Renewable Energy Development Agency Ltd. (IREDA) as the sole secured financial creditor, holding 100% voting share. The initial CIRP period of 180 days was scheduled to expire on 27.09.2021, but extensions were granted due to the COVID-19 pandemic and other reasons, extending the period till 09.05.2022 and later till 15.09.2022. Form-G
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CP (IB) No. 138/Chd/Hry/…
Application…
The case involves an application (IA No. 1499/2022) filed by Mr. Vekas Kumar Garg, the Resolution Professional (RP) of Cambridge Energy Resources Private Limited, seeking approval of a resolution plan submitted by ConnectM Technology Solutions Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by E2E Telelink India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 26.03.2021, and Mr. Vekas Kumar Garg was appointed as the Interim Resolution Professional (IRP). The CoC consisted of one secured financial creditor, Indian Renewable Energy Development Agency Ltd. (IREDA), holding 100% voting share. The RP published Form-G on 28.07.2021, receiving five
…E2E Telelink India Pvt. Ltd., an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Cambridge Energy Resources Private Limited under Section 9 of the IBC, 2016. The application was admitted on 26.03.2021. Mr. Vekas Kumar Garg was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 02.04.2021 to invite claims. The Committee of Creditors (CoC) was formed with Indian Renewable Energy Development Agency Ltd. (IREDA) as the sole secured financial creditor, holding 100% voting share. The initial CIRP period of 180 days was scheduled to expire on 27.09.2021, but extensions were granted due to the COVID-19 pandemic and other reasons, extending the period till 09.05.2022 and later till 15.09.2022. Form-G
…CP (IB) No. 138/Chd/Hry/…
Application…