The case pertains to an application filed by the Resolution Professional (RP), Mr. Ajay Gupta, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan for Latakisan Infra Pvt Limited, the Corporate Debtor. The Resolution Plan, dated 12.01.2024, was submitted by Mr. Prashant Kisanrao Borele, the Successful Resolution Applicant (SRA), and approved by 73.70% of the Committee of Creditors (CoC). The Corporate Debtor is a registered MSME. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Mumbai District Central Cooperative Bank Ltd. (MDCC), the Financial Creditor, under Section 7 of the IBC, which was admitted on 06.11.2019. Mr. Ajay Gupta was appointed as the RP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Latakisan Infra Pvt Limited following a petition filed by Mumbai District Central Cooperative Bank Ltd. (MDCC) under Section 7 of the IBC. The petition was admitted on 06.11.2019, and Mr. Ajay Gupta was appointed as the Resolution Professional (RP). The Corporate Debtor is a registered MSME. The RP published Form A and collated claims, receiving five claims from Financial Creditors. The RP was approved as the RP for the rest of the CIRP period on 26.11.2019. The RP valued the assets of the Corporate Debtor by appointing registered valuers. The fair market value and liquidation value of the assets were determined. Several CoC meetings were held. The RP shared the draft Information Memorandum (IM)
…Sign in to view the parties.
CP(IB) No. 1900 of 2019 filed by Mumbai District…
Mr. Ajay Gupta was…
The case pertains to an application filed by the Resolution Professional (RP), Mr. Ajay Gupta, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan for Latakisan Infra Pvt Limited, the Corporate Debtor. The Resolution Plan, dated 12.01.2024, was submitted by Mr. Prashant Kisanrao Borele, the Successful Resolution Applicant (SRA), and approved by 73.70% of the Committee of Creditors (CoC). The Corporate Debtor is a registered MSME. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Mumbai District Central Cooperative Bank Ltd. (MDCC), the Financial Creditor, under Section 7 of the IBC, which was admitted on 06.11.2019. Mr. Ajay Gupta was appointed as the RP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Latakisan Infra Pvt Limited following a petition filed by Mumbai District Central Cooperative Bank Ltd. (MDCC) under Section 7 of the IBC. The petition was admitted on 06.11.2019, and Mr. Ajay Gupta was appointed as the Resolution Professional (RP). The Corporate Debtor is a registered MSME. The RP published Form A and collated claims, receiving five claims from Financial Creditors. The RP was approved as the RP for the rest of the CIRP period on 26.11.2019. The RP valued the assets of the Corporate Debtor by appointing registered valuers. The fair market value and liquidation value of the assets were determined. Several CoC meetings were held. The RP shared the draft Information Memorandum (IM)
…CP(IB) No. 1900 of 2019 filed by Mumbai District…
Mr. Ajay Gupta was…