The case pertains to an application filed by the Resolution Professional (RP) of the Corporate Debtor (CD), Minerva Enterprises Private Limited, under Section 30(6) and 31 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application seeks approval of the resolution plan submitted by SR Edifice Private Limited, which was approved by the Committee of Creditors (CoC) with a 79.01% voting share. The Corporate Insolvency Resolution Process (CIRP) was initiated against the CD on 14.07.2022.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Minerva Enterprises Private Limited on 2022-07-14. Edelweiss Asset Reconstruction Company Ltd is the financial creditor. The Interim Resolution Professional (IRP) made a public announcement on 2022-07-18, inviting claims from stakeholders, and received claims totaling Rs. 6,40,20,91,182. The Committee of Creditors (CoC) confirmed the IRP as Resolution Professional (RP) on 2022-08-10. The RP published Form-G on 2022-09-20, inviting Expressions of Interest (EoI) for submission of a Resolution Plan. The RP received four EOIs. The last date for submission of the Resolution Plan was 2022-11-21. The CoC approved the draft 'Request for Resolution Plan' (RFRP). No Resolution Plan was received by the
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Corporate Insolvency…
The Interim Resolution Professional (IRP) made a…
The case pertains to an application filed by the Resolution Professional (RP) of the Corporate Debtor (CD), Minerva Enterprises Private Limited, under Section 30(6) and 31 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application seeks approval of the resolution plan submitted by SR Edifice Private Limited, which was approved by the Committee of Creditors (CoC) with a 79.01% voting share. The Corporate Insolvency Resolution Process (CIRP) was initiated against the CD on 14.07.2022.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Minerva Enterprises Private Limited on 2022-07-14. Edelweiss Asset Reconstruction Company Ltd is the financial creditor. The Interim Resolution Professional (IRP) made a public announcement on 2022-07-18, inviting claims from stakeholders, and received claims totaling Rs. 6,40,20,91,182. The Committee of Creditors (CoC) confirmed the IRP as Resolution Professional (RP) on 2022-08-10. The RP published Form-G on 2022-09-20, inviting Expressions of Interest (EoI) for submission of a Resolution Plan. The RP received four EOIs. The last date for submission of the Resolution Plan was 2022-11-21. The CoC approved the draft 'Request for Resolution Plan' (RFRP). No Resolution Plan was received by the
…Corporate Insolvency…
The Interim Resolution Professional (IRP) made a…