The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Reward Business Solutions Private Limited. The CIRP was initiated by the Tribunal on 18.02.2021 under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) filed an application under Section 30(6) r/w 31(1) of the IBC seeking approval of the Resolution Plan submitted by the Respondent, Consortium of Mr. Ravindra Khandelwal, Mr. Ajoy Kumar Mohta & M/s ARSK Consultants Private Limited. The Resolution Plan was approved by the Committee of Creditors (CoC) with 88.48% voting share.
Reward Business Solutions Private Limited ('Corporate Debtor') is engaged in providing business solutions services. The CIRP was initiated on 18.02.2021 based on Section 7 of the IBC. The applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made on 24.02.2021, inviting claims from creditors. The total claim received from financial creditors was INR 182.26 Cr, out of which INR 94.76 Cr was admitted. Ezeego One Travel Tours Limited filed an IA against rejection of their claim, which was allowed on 16.02.2024. The RP appointed registered valuers to determine the liquidation and fair value of the Corporate Debtor. The RP published Form G inviting Expression of Interest (EoI)
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The Corporate Insolvency Resolution Process…
A Public Announcement…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Reward Business Solutions Private Limited. The CIRP was initiated by the Tribunal on 18.02.2021 under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) filed an application under Section 30(6) r/w 31(1) of the IBC seeking approval of the Resolution Plan submitted by the Respondent, Consortium of Mr. Ravindra Khandelwal, Mr. Ajoy Kumar Mohta & M/s ARSK Consultants Private Limited. The Resolution Plan was approved by the Committee of Creditors (CoC) with 88.48% voting share.
Reward Business Solutions Private Limited ('Corporate Debtor') is engaged in providing business solutions services. The CIRP was initiated on 18.02.2021 based on Section 7 of the IBC. The applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made on 24.02.2021, inviting claims from creditors. The total claim received from financial creditors was INR 182.26 Cr, out of which INR 94.76 Cr was admitted. Ezeego One Travel Tours Limited filed an IA against rejection of their claim, which was allowed on 16.02.2024. The RP appointed registered valuers to determine the liquidation and fair value of the Corporate Debtor. The RP published Form G inviting Expression of Interest (EoI)
…The Corporate Insolvency Resolution Process…
A Public Announcement…