The case pertains to an interlocutory application (IA (IBC) (Plan) No. 23/2024) filed in connection with Company Petition No. (IB)-182(PB)/2023 under Section 30(6) read with Section 31 of the Insolvency & Bankruptcy Code, 2016. The petition was initiated by M/s LVS Financial Services Private Limited (Financial Creditor) against M/s MGI Infra Private Limited (Corporate Debtor). The application was admitted on 09.08.2023, and Mr. Sunil Kumar Agrawal was appointed as the Interim Resolution Professional (IRP), later confirmed as Resolution Professional. The CIRP period was extended, and the Resolution Professional (RP) invited Expressions of Interest (EoI) from potential Resolution Applicants (PRAs). M/s Kabra & Associates submitted a resolution plan, which was
…M/s LVS Financial Services Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s MGI Infra Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 09.08.2023. Mr. Sunil Kumar Agrawal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 11.08.2023, inviting claims from creditors. The Corporate Debtor is engaged in providing solutions including Design, Supply and Erection of Structure. The RP received one Expression of Interest (EoI) from M/s Kabra & Associates. The Committee of Creditors (CoC) comprised a sole financial creditor, M/s LVS Financial Services Pvt. Ltd. The RP presented
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The case pertains to an interlocutory application (IA (IBC) (Plan) No. 23/2024) filed in connection with Company Petition No. (IB)-182(PB)/2023 under Section 30(6) read with Section 31 of the Insolvency & Bankruptcy Code, 2016. The petition was initiated by M/s LVS Financial Services Private Limited (Financial Creditor) against M/s MGI Infra Private Limited (Corporate Debtor). The application was admitted on 09.08.2023, and Mr. Sunil Kumar Agrawal was appointed as the Interim Resolution Professional (IRP), later confirmed as Resolution Professional. The CIRP period was extended, and the Resolution Professional (RP) invited Expressions of Interest (EoI) from potential Resolution Applicants (PRAs). M/s Kabra & Associates submitted a resolution plan, which was
…M/s LVS Financial Services Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s MGI Infra Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 09.08.2023. Mr. Sunil Kumar Agrawal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 11.08.2023, inviting claims from creditors. The Corporate Debtor is engaged in providing solutions including Design, Supply and Erection of Structure. The RP received one Expression of Interest (EoI) from M/s Kabra & Associates. The Committee of Creditors (CoC) comprised a sole financial creditor, M/s LVS Financial Services Pvt. Ltd. The RP presented
…The application for…
The IRP made a public…