The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s. Fusion Conbuild Private Limited. The CIRP was initiated following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the financial creditor, M/s. Saivi Finance Private Limited. The application was admitted on 2023-05-16, leading to a moratorium and the appointment of Mr. Devendra Umrao as the Interim Resolution Professional. The Resolution Plan submitted by M/s. Miker Financial Consultants Private Limited was approved by the Committee of Creditors (CoC) with a 100% voting share on 2024-02-12.
M/s. Saivi Finance Private Limited initiated CIRP against M/s. Fusion Conbuild Private Limited under Section 7 of IBC. The application was admitted on 2023-05-16, leading to a moratorium and the appointment of Mr. Devendra Umrao as the Interim Resolution Professional. Public announcement was made to invite claims from stakeholders. The Committee of Creditors (CoC) was constituted, and eight CoC meetings were held. The Resolution Professional (RP) published Form-G multiple times to invite prospective resolution applicants. M/s. Miker Financial Consultants Private Limited submitted a Resolution Plan, which was approved by the CoC with 100% voting share on 2024-02-12. The fair value of the Corporate Debtor was determined to be Rs. 22,60,638.77/-, and the liquidation value
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Application under Section 7 of IBC admitted,…
Public announcement made in Financial…
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The case pertains to the Corporate Insolvency Resolution Process (CIRP) of M/s. Fusion Conbuild Private Limited. The CIRP was initiated following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the financial creditor, M/s. Saivi Finance Private Limited. The application was admitted on 2023-05-16, leading to a moratorium and the appointment of Mr. Devendra Umrao as the Interim Resolution Professional. The Resolution Plan submitted by M/s. Miker Financial Consultants Private Limited was approved by the Committee of Creditors (CoC) with a 100% voting share on 2024-02-12.
M/s. Saivi Finance Private Limited initiated CIRP against M/s. Fusion Conbuild Private Limited under Section 7 of IBC. The application was admitted on 2023-05-16, leading to a moratorium and the appointment of Mr. Devendra Umrao as the Interim Resolution Professional. Public announcement was made to invite claims from stakeholders. The Committee of Creditors (CoC) was constituted, and eight CoC meetings were held. The Resolution Professional (RP) published Form-G multiple times to invite prospective resolution applicants. M/s. Miker Financial Consultants Private Limited submitted a Resolution Plan, which was approved by the CoC with 100% voting share on 2024-02-12. The fair value of the Corporate Debtor was determined to be Rs. 22,60,638.77/-, and the liquidation value
…Application under Section 7 of IBC admitted,…
Public announcement made in Financial…
Sign in to view related legal provisions.