The present case involves an application (IA No. 4513 of 2023) filed by the Resolution Professional (RP) of Coast Realtors Private Limited under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of the resolution plan submitted by Wealth Clinic Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Coast Realtors Private Limited based on a petition (CP (IB)-776/(ND)/2021) filed by L&T Finance Limited under Section 7 of the IBC, which was admitted on 14.07.2022. The RP constituted a Committee of Creditors (CoC) comprising L&T Finance Limited. The RP published Form-G to invite Expressions of Interest (EOI) from potential resolution applicants and received EOIs from 07 interested parties. Only one
…L&T Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Coast Realtors Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 14.07.2022. Mr. Ajit Gyanchand Jain was appointed as the Resolution Professional (RP). A public announcement was made on 15.07.2022 to invite claims from creditors. The RP constituted a Committee of Creditors (CoC) comprising L&T Finance Limited. Form-G was published to invite Expressions of Interest (EOI) from potential resolution applicants. The last date for submission of EOI was 31.01.2023. The RP received EOIs from 07 interested parties. Only one resolution plan was received from M/s Wealth Clinic Pvt. Ltd. The resolution plan
…Sign in to view the parties.
Company Petit…
Corporate Insolvency Resolution Process (CIRP)…
The present case involves an application (IA No. 4513 of 2023) filed by the Resolution Professional (RP) of Coast Realtors Private Limited under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of the resolution plan submitted by Wealth Clinic Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Coast Realtors Private Limited based on a petition (CP (IB)-776/(ND)/2021) filed by L&T Finance Limited under Section 7 of the IBC, which was admitted on 14.07.2022. The RP constituted a Committee of Creditors (CoC) comprising L&T Finance Limited. The RP published Form-G to invite Expressions of Interest (EOI) from potential resolution applicants and received EOIs from 07 interested parties. Only one
…L&T Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Coast Realtors Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 14.07.2022. Mr. Ajit Gyanchand Jain was appointed as the Resolution Professional (RP). A public announcement was made on 15.07.2022 to invite claims from creditors. The RP constituted a Committee of Creditors (CoC) comprising L&T Finance Limited. Form-G was published to invite Expressions of Interest (EOI) from potential resolution applicants. The last date for submission of EOI was 31.01.2023. The RP received EOIs from 07 interested parties. Only one resolution plan was received from M/s Wealth Clinic Pvt. Ltd. The resolution plan
…Company Petit…
Corporate Insolvency Resolution Process (CIRP)…