The case pertains to an application filed under section 30(6) and section 31(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for the approval of a Resolution Plan for Sampark Land and Builders Private Limited. The corporate insolvency resolution process (CIRP) was initiated following a company petition filed under section 10 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 30 April 2021. Mr. Kamal Nayan Jain was initially appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The CIRP period was extended on multiple occasions to facilitate the completion of
…Sampark Land and Builders Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following the admission of a company petition under Section 10 of the Insolvency and Bankruptcy Code (IBC) on April 30, 2021. Kamal Nayan Jain was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP made a public announcement on May 4, 2021, inviting claims from financial and operational creditors. The Committee of Creditors (CoC) was constituted on May 24, 2021, with Aneel Saroagi as the authorized representative for the class of creditors. Seven CoC meetings were held during the CIRP period. The RP issued invitations for Expressions of Interest (EoI) five times, with the last date for receipt being June 24, 2022.
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The underlying Company Petition in C.P. (IB)…
The IRP made a public announcement on 04 May…
The case pertains to an application filed under section 30(6) and section 31(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for the approval of a Resolution Plan for Sampark Land and Builders Private Limited. The corporate insolvency resolution process (CIRP) was initiated following a company petition filed under section 10 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 30 April 2021. Mr. Kamal Nayan Jain was initially appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The CIRP period was extended on multiple occasions to facilitate the completion of
…Sampark Land and Builders Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following the admission of a company petition under Section 10 of the Insolvency and Bankruptcy Code (IBC) on April 30, 2021. Kamal Nayan Jain was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP made a public announcement on May 4, 2021, inviting claims from financial and operational creditors. The Committee of Creditors (CoC) was constituted on May 24, 2021, with Aneel Saroagi as the authorized representative for the class of creditors. Seven CoC meetings were held during the CIRP period. The RP issued invitations for Expressions of Interest (EoI) five times, with the last date for receipt being June 24, 2022.
…The underlying Company Petition in C.P. (IB)…
The IRP made a public announcement on 04 May…