The case pertains to IA No. 17 of 2025 in CP(IB) No.966 of 2020, filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Avinash Ambikaprasad Shukla, seeking approval of the resolution plan submitted by the consortium of M/s Mahansaria Tyres Pvt. Ltd. and M/s. Lotus Ornaments Pvt. Ltd. (Successful Resolution Applicant/SRA) for HBS Auto and ANC SEZ Private Limited (Corporate Debtor). The CIRP was initiated by SREI Equipment Finance Ltd. under Section 7 of IBC, 2016, and Mr. Avinash Ambikaprasad Shukla was appointed as the IRP, later confirmed as RP. The resolution plan was approved by 100% of the Committee of Creditors (CoC).
SREI Equipment Finance Ltd. initiated CIRP against HBS Auto & Anc Sez Pvt. Ltd. under Section 7 of IBC, 2016. Mr. Avinash Ambikaprasad Shukla was appointed as the IRP and later confirmed as RP. The Corporate Debtor, incorporated on 08.10.2007, is in the business of real estate development. The RP invited Expression of Interest (EOI) from prospective bidders, and the CoC approved a resolution plan submitted by a consortium of Mahansaria Tyres Private Limited and Lotus Ornaments Private Limited (Successful Resolution Applicant/SRA) with 100% voting share. The resolution plan involves a total outlay of Rs. 47,08,31,231/-. The plan includes provisions for payment to various classes of creditors, including secured financial creditors, operational creditors, and workmen.
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The CP (IB) No.966 of 2020 was filed under…
The CIRP was admitted vide Order dated…
The case pertains to IA No. 17 of 2025 in CP(IB) No.966 of 2020, filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Avinash Ambikaprasad Shukla, seeking approval of the resolution plan submitted by the consortium of M/s Mahansaria Tyres Pvt. Ltd. and M/s. Lotus Ornaments Pvt. Ltd. (Successful Resolution Applicant/SRA) for HBS Auto and ANC SEZ Private Limited (Corporate Debtor). The CIRP was initiated by SREI Equipment Finance Ltd. under Section 7 of IBC, 2016, and Mr. Avinash Ambikaprasad Shukla was appointed as the IRP, later confirmed as RP. The resolution plan was approved by 100% of the Committee of Creditors (CoC).
SREI Equipment Finance Ltd. initiated CIRP against HBS Auto & Anc Sez Pvt. Ltd. under Section 7 of IBC, 2016. Mr. Avinash Ambikaprasad Shukla was appointed as the IRP and later confirmed as RP. The Corporate Debtor, incorporated on 08.10.2007, is in the business of real estate development. The RP invited Expression of Interest (EOI) from prospective bidders, and the CoC approved a resolution plan submitted by a consortium of Mahansaria Tyres Private Limited and Lotus Ornaments Private Limited (Successful Resolution Applicant/SRA) with 100% voting share. The resolution plan involves a total outlay of Rs. 47,08,31,231/-. The plan includes provisions for payment to various classes of creditors, including secured financial creditors, operational creditors, and workmen.
…The CP (IB) No.966 of 2020 was filed under…
The CIRP was admitted vide Order dated…