The present case involves an application (I.A/1334/2023) filed under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016, along with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed by Mr. Rajiv Chakraborty, the Resolution Professional of M/s Era Infra Engineering Limited (Corporate Debtor), seeking approval of the Resolution Plan submitted by SA Infrastructure Consultants Private Limited (Successful Resolution Applicant). The Resolution Plan was approved by the Committee of Creditors (CoC) with 87.08% voting in favor during its 32nd meeting held via e-voting on January 25, 2023. Suraksha Asset Reconstruction Limited, a
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Era Infra Engineering Limited (Corporate Debtor) by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Rajiv Chakraborty was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made inviting claims from creditors, with a deadline of May 28, 2018. The RP appointed GAA Advisory LLP and BDO India LLP as registered valuers to determine the fair value and liquidation value of the Corporate Debtor's assets. As of January 25, 2023, the total admitted claims amounted to INR 22,200.98 Crores. The RP invited Expressions of Interest (EoI) from Prospective Resolution Applicants (PRAs),
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The present case involves an application (I.A/1334/2023) filed under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016, along with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed by Mr. Rajiv Chakraborty, the Resolution Professional of M/s Era Infra Engineering Limited (Corporate Debtor), seeking approval of the Resolution Plan submitted by SA Infrastructure Consultants Private Limited (Successful Resolution Applicant). The Resolution Plan was approved by the Committee of Creditors (CoC) with 87.08% voting in favor during its 32nd meeting held via e-voting on January 25, 2023. Suraksha Asset Reconstruction Limited, a
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Era Infra Engineering Limited (Corporate Debtor) by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Rajiv Chakraborty was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made inviting claims from creditors, with a deadline of May 28, 2018. The RP appointed GAA Advisory LLP and BDO India LLP as registered valuers to determine the fair value and liquidation value of the Corporate Debtor's assets. As of January 25, 2023, the total admitted claims amounted to INR 22,200.98 Crores. The RP invited Expressions of Interest (EoI) from Prospective Resolution Applicants (PRAs),
…The Adjudicating Authority passed an order for…
The Adjudicating Authority confirmed the…