The document pertains to IA(IBC)/349(CHE)/2023 filed in CP/IB/279/CHE/2021 under Section 30(6) & 31 of the Insolvency & Bankruptcy Code, 2016. The application was moved by the Resolution Professional of the Corporate Debtor, GBJ Hotels Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 7 of the IBC, 2016 by a Financial Creditor, with the Tribunal ordering CIRP on 2022-04-19. The applicant was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2022-04-22. The Committee of Creditors (CoC) was formed, and voting rights were assigned. The applicant convened multiple CoC meetings to discuss the business operations of the Corporate Debtor, appointment of
…GBJ Hotels Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was initiated by a Financial Creditor, and an Interim Resolution Professional (IRP) was appointed. The IRP formed a Committee of Creditors (CoC). The RP placed the only Resolution Plan of M/s. Poppys Knitwear Private Limited to the CoC and briefed, the advantages and disadvantages of the plan to the CoC. The PRA's has made a further request to extend the submission of the Resolution Plan and accordingly the CoC after detailed discussions has decided to extend the same upto 07.09.2022 to get more plans but denied to extend the submission of Eol. Mr. Senthil Kumar, son in law of Promoter,
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Case fil…
CIRP ordered…
The document pertains to IA(IBC)/349(CHE)/2023 filed in CP/IB/279/CHE/2021 under Section 30(6) & 31 of the Insolvency & Bankruptcy Code, 2016. The application was moved by the Resolution Professional of the Corporate Debtor, GBJ Hotels Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 7 of the IBC, 2016 by a Financial Creditor, with the Tribunal ordering CIRP on 2022-04-19. The applicant was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2022-04-22. The Committee of Creditors (CoC) was formed, and voting rights were assigned. The applicant convened multiple CoC meetings to discuss the business operations of the Corporate Debtor, appointment of
…GBJ Hotels Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was initiated by a Financial Creditor, and an Interim Resolution Professional (IRP) was appointed. The IRP formed a Committee of Creditors (CoC). The RP placed the only Resolution Plan of M/s. Poppys Knitwear Private Limited to the CoC and briefed, the advantages and disadvantages of the plan to the CoC. The PRA's has made a further request to extend the submission of the Resolution Plan and accordingly the CoC after detailed discussions has decided to extend the same upto 07.09.2022 to get more plans but denied to extend the submission of Eol. Mr. Senthil Kumar, son in law of Promoter,
…Case fil…
CIRP ordered…