The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Metrik Infraprojects Private Limited based on a petition filed by an Operational Creditor, M/s Bheemasamudra Land Developers and Builders, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted by the Adjudicating Authority on 16.04.2021. Mr. Kanekal Chandrasekhar was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Vinay Mruthyunjaya. The Committee of Creditors (CoC) initially consisted solely of Piramal Enterprises Limited, holding 100% of the voting share, but was later modified to include Bhairav Holdings Inc. and unsecured financial creditors (homebuyers). The CIRP period was extended multiple times
…M/s Metrik Infraprojects Private Limited faced Corporate Insolvency Resolution Process (CIRP) after M/s Bheemasamudra Land Developers and Builders filed a petition under Section 9 of the IBC, 2016. The CIRP was initiated on 16.04.2021. Vinay Mruthyunjaya served as the Resolution Professional (RP). The Committee of Creditors (CoC) initially comprised Piramal Enterprises Limited, later modified to include Bhairav Holdings Inc. and unsecured financial creditors (homebuyers). The CIRP timeline was extended due to COVID-19 related lockdowns. The RP conducted a transaction audit and filed I.A No. 74 of 2022 under Sections 43, 44, 45, 46, 48, and 66 of the Code, regarding preferential, undervalued, and fraudulent transactions. Maniveera Structure Private Limited submitted a
…Sign in to view the parties.
Adjudicating Authority…
IRP made a public…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Metrik Infraprojects Private Limited based on a petition filed by an Operational Creditor, M/s Bheemasamudra Land Developers and Builders, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted by the Adjudicating Authority on 16.04.2021. Mr. Kanekal Chandrasekhar was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Vinay Mruthyunjaya. The Committee of Creditors (CoC) initially consisted solely of Piramal Enterprises Limited, holding 100% of the voting share, but was later modified to include Bhairav Holdings Inc. and unsecured financial creditors (homebuyers). The CIRP period was extended multiple times
…M/s Metrik Infraprojects Private Limited faced Corporate Insolvency Resolution Process (CIRP) after M/s Bheemasamudra Land Developers and Builders filed a petition under Section 9 of the IBC, 2016. The CIRP was initiated on 16.04.2021. Vinay Mruthyunjaya served as the Resolution Professional (RP). The Committee of Creditors (CoC) initially comprised Piramal Enterprises Limited, later modified to include Bhairav Holdings Inc. and unsecured financial creditors (homebuyers). The CIRP timeline was extended due to COVID-19 related lockdowns. The RP conducted a transaction audit and filed I.A No. 74 of 2022 under Sections 43, 44, 45, 46, 48, and 66 of the Code, regarding preferential, undervalued, and fraudulent transactions. Maniveera Structure Private Limited submitted a
…Adjudicating Authority…
IRP made a public…