The case pertains to an application filed by the Resolution Professional (RP) of M/s M.B. Malls Pvt. Ltd., the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application seeks approval of the Resolution Plan submitted by the successful resolution applicant, a consortium of individuals Mr. Pradeep Kumar Agrawalla & Mr. Mukesh Kumar Agarwal, which was duly approved by the Committee of Creditors (CoC) with a 100% voting share. The Corporate Debtor is engaged in the real estate business, specifically the construction of a "Business Tower" comprising a corporate office complex and a 5-star hotel in
…M/s M.B. Malls Pvt. Ltd. (Corporate Debtor) is a real estate company constructing a "Business Tower" in Faridabad, Haryana. Bank of Baroda (Financial Creditor) filed an application under Section 7 of the IBC, leading to the initiation of CIRP against the Corporate Debtor. Mr. Vikram Bajaj was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Abhimanyu Mittal. The IRP made public announcements to invite claims and constituted the CoC, comprising financial creditors and a representative for real estate buyers. The CoC convened multiple meetings to evaluate resolution plans. Mr. Pradeep Kumar Agrawalla & Mr. Mukesh Kumar Agarwal (in Consortium) submitted a resolution plan that was approved by the CoC with a 100% voting
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Company Petition No.…
CIRP initiated…
The case pertains to an application filed by the Resolution Professional (RP) of M/s M.B. Malls Pvt. Ltd., the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application seeks approval of the Resolution Plan submitted by the successful resolution applicant, a consortium of individuals Mr. Pradeep Kumar Agrawalla & Mr. Mukesh Kumar Agarwal, which was duly approved by the Committee of Creditors (CoC) with a 100% voting share. The Corporate Debtor is engaged in the real estate business, specifically the construction of a "Business Tower" comprising a corporate office complex and a 5-star hotel in
…M/s M.B. Malls Pvt. Ltd. (Corporate Debtor) is a real estate company constructing a "Business Tower" in Faridabad, Haryana. Bank of Baroda (Financial Creditor) filed an application under Section 7 of the IBC, leading to the initiation of CIRP against the Corporate Debtor. Mr. Vikram Bajaj was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Abhimanyu Mittal. The IRP made public announcements to invite claims and constituted the CoC, comprising financial creditors and a representative for real estate buyers. The CoC convened multiple meetings to evaluate resolution plans. Mr. Pradeep Kumar Agrawalla & Mr. Mukesh Kumar Agarwal (in Consortium) submitted a resolution plan that was approved by the CoC with a 100% voting
…Company Petition No.…
CIRP initiated…