The case pertains to an application (IA No. 222/JPR/2021) filed for the approval of a Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code (IBC) for Chiraayush Stock Consultants Pvt. Ltd., the Corporate Debtor. The Corporate Debtor itself initiated the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the IBC. The Adjudicating Authority admitted the application on 2020-11-25 and appointed Mr. Sanjay Badrilal Punglia as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was formed, and meetings were held to discuss and approve the Resolution Plan.
Chiraayush Stock Consultants Pvt. Ltd. (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC). Mr. Sanjay Badrilal Punglia was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP received claims from four Financial Creditors and one Operational Creditor. The Committee of Creditors (CoC) was formed, consisting of Satyamitra Stock Consultants Pvt. Ltd. with 100% voting rights. Several CoC meetings were held to discuss the Resolution Plan. Mrs. Tejashree Kunal Nagrani submitted a Resolution Plan, which was approved by the CoC with 100% voting share. The Resolution Professional certified the eligibility of
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Main applicati…
Adjudicating Authority admitted the Application…
The case pertains to an application (IA No. 222/JPR/2021) filed for the approval of a Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code (IBC) for Chiraayush Stock Consultants Pvt. Ltd., the Corporate Debtor. The Corporate Debtor itself initiated the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the IBC. The Adjudicating Authority admitted the application on 2020-11-25 and appointed Mr. Sanjay Badrilal Punglia as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was formed, and meetings were held to discuss and approve the Resolution Plan.
Chiraayush Stock Consultants Pvt. Ltd. (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC). Mr. Sanjay Badrilal Punglia was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP received claims from four Financial Creditors and one Operational Creditor. The Committee of Creditors (CoC) was formed, consisting of Satyamitra Stock Consultants Pvt. Ltd. with 100% voting rights. Several CoC meetings were held to discuss the Resolution Plan. Mrs. Tejashree Kunal Nagrani submitted a Resolution Plan, which was approved by the CoC with 100% voting share. The Resolution Professional certified the eligibility of
…Main applicati…
Adjudicating Authority admitted the Application…