The case pertains to an application filed under section 30(6) and section 31 of the Insolvency & Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of a Resolution Plan for Pabitra Enclave Private Limited. The Resolution Professional (RP) filed the application after the Committee of Creditors (CoC) approved the Resolution Plan submitted by Sikhar Commotrade Private Limited with a 100% vote. The CIRP was initiated vide order dated 14.11.2024, and Mr. Abhit Kumar Singh was appointed as the IRP and later confirmed as the RP.
The Corporate Debtor, Pabitra Enclave Private Limited, was admitted into CIRP vide order dated 2024-11-14. Mr. Abhit Kumar Singh was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 2024-11-20 inviting claims from creditors. The Committee of Creditors (CoC) was constituted as per Section 18 of the Code, and the constitution report was submitted to the Tribunal on 2024-11-30. The RP convened the 2nd CoC Meeting on 2024-12-30, where the CoC confirmed the appointment of Valuers and Transaction Auditors. Form “G” was published on 2025-01-06, and only one Expression of Interest was received. The Information Memorandum was shared with the Prospective Resolution Applicant in
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Corporate D…
RP made a public…
The case pertains to an application filed under section 30(6) and section 31 of the Insolvency & Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of a Resolution Plan for Pabitra Enclave Private Limited. The Resolution Professional (RP) filed the application after the Committee of Creditors (CoC) approved the Resolution Plan submitted by Sikhar Commotrade Private Limited with a 100% vote. The CIRP was initiated vide order dated 14.11.2024, and Mr. Abhit Kumar Singh was appointed as the IRP and later confirmed as the RP.
The Corporate Debtor, Pabitra Enclave Private Limited, was admitted into CIRP vide order dated 2024-11-14. Mr. Abhit Kumar Singh was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 2024-11-20 inviting claims from creditors. The Committee of Creditors (CoC) was constituted as per Section 18 of the Code, and the constitution report was submitted to the Tribunal on 2024-11-30. The RP convened the 2nd CoC Meeting on 2024-12-30, where the CoC confirmed the appointment of Valuers and Transaction Auditors. Form “G” was published on 2025-01-06, and only one Expression of Interest was received. The Information Memorandum was shared with the Prospective Resolution Applicant in
…Corporate D…
RP made a public…