The case involves an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Pinakin Shah, seeking approval of the Resolution Plan submitted by Jagjit Estate and Developers Company Private Limited for the corporate debtor, M/s Mundra Estate Developers Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-01-12 under Section 7 of the IBC. The Committee of Creditors (CoC) approved the Resolution Plan with 100% voting shares on 2024-03-28.
The Corporate Insolvency Resolution Process (CIRP) for M/s Mundra Estate Developers Limited was initiated on 2023-01-12 based on an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Pinakin Shah was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted on 2023-07-20. The IRP was appointed as the Resolution Professional (RP) after the first CoC meeting on 2023-07-26. The RP published a public announcement inviting claims from creditors. The claims received from the financial creditor, M/s Metroglobal Limited, amounted to INR 117,38,21,000, out of which INR 10.40 crore was admitted. The CoC approved the Resolution Plan submitted by Jagjit Estates & Development Company Private Limited on
…Sign in to view the parties.
Corporate Insolvency…
Committee of C…
The case involves an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Pinakin Shah, seeking approval of the Resolution Plan submitted by Jagjit Estate and Developers Company Private Limited for the corporate debtor, M/s Mundra Estate Developers Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-01-12 under Section 7 of the IBC. The Committee of Creditors (CoC) approved the Resolution Plan with 100% voting shares on 2024-03-28.
The Corporate Insolvency Resolution Process (CIRP) for M/s Mundra Estate Developers Limited was initiated on 2023-01-12 based on an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Pinakin Shah was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted on 2023-07-20. The IRP was appointed as the Resolution Professional (RP) after the first CoC meeting on 2023-07-26. The RP published a public announcement inviting claims from creditors. The claims received from the financial creditor, M/s Metroglobal Limited, amounted to INR 117,38,21,000, out of which INR 10.40 crore was admitted. The CoC approved the Resolution Plan submitted by Jagjit Estates & Development Company Private Limited on
…Corporate Insolvency…
Committee of C…