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) concerning Chiraayush Stock Consultants Pvt. Ltd. The Corporate Debtor itself initiated the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Code. The Adjudicating Authority admitted the application on 25.11.2020 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 the resolution plan. Mrs. Tejashree Kunal Nagrani submitted a resolution plan, which was placed before the CoC for consideration.
Chiraayush Stock Consultants Pvt. Ltd. underwent Corporate Insolvency Resolution Process (CIRP) initiated by the Corporate Debtor itself under Section 10 of the IBC. Mr. Sanjay Badrilal Punglia was appointed as the Interim Resolution Professional (IRP) on 25.11.2020. Public announcements were made in newspapers to invite claims from creditors. Four Financial Creditors and one Operational Creditor submitted claims. The Committee of Creditors (CoC) was formed, consisting of M/s Satyamitra Stock Consultants Pvt. Ltd. with 100% voting rights. Several CoC meetings were held to discuss and evaluate 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
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The Corporate Debtor,…
Main application filed…
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) concerning Chiraayush Stock Consultants Pvt. Ltd. The Corporate Debtor itself initiated the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Code. The Adjudicating Authority admitted the application on 25.11.2020 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 the resolution plan. Mrs. Tejashree Kunal Nagrani submitted a resolution plan, which was placed before the CoC for consideration.
Chiraayush Stock Consultants Pvt. Ltd. underwent Corporate Insolvency Resolution Process (CIRP) initiated by the Corporate Debtor itself under Section 10 of the IBC. Mr. Sanjay Badrilal Punglia was appointed as the Interim Resolution Professional (IRP) on 25.11.2020. Public announcements were made in newspapers to invite claims from creditors. Four Financial Creditors and one Operational Creditor submitted claims. The Committee of Creditors (CoC) was formed, consisting of M/s Satyamitra Stock Consultants Pvt. Ltd. with 100% voting rights. Several CoC meetings were held to discuss and evaluate 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
…The Corporate Debtor,…
Main application filed…