The case involves an application under section 30(6) and section 31(1) 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 for approval of a Resolution Plan for Sarga Hotel Private Limited. The Corporate Debtor was admitted into CIRP vide order dated 11.02.2022, and Mr. Avishek Gupta was appointed as the IRP. The Resolution Plan submitted by Shriram Multicom Private Limited was approved by the CoC with 100% voting shares. The Adjudicating Authority is considering the approval of the Resolution Plan.
Yes Bank Limited is the Financial Creditor. Sarga Hotel Private Limited is the Corporate Debtor. Avishek Gupta is the Resolution Professional. Shriram Multicom Private Limited submitted a resolution plan that was approved by the CoC with 100% voting shares. The Corporate Debtor was admitted into CIRP on 11.02.2022. The Resolution Professional made a public announcement to invite claims from creditors. The last date of submission was announced as 25.02.2022. The Applicant published revised Form -G along with a detailed EoI on 28.04.2022 and the last date for submission was written as 18.05.2022. The Applicant issued Letter of Intent to the Successful Resolution Applicant on 31.05.2023 and received a Performance Bank Guarantee dated 27.10.2022 for an amount of Rs.
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Corporate Debtor admitted into CIRP vide order…
Applicant made a public announcement to invite…
The case involves an application under section 30(6) and section 31(1) 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 for approval of a Resolution Plan for Sarga Hotel Private Limited. The Corporate Debtor was admitted into CIRP vide order dated 11.02.2022, and Mr. Avishek Gupta was appointed as the IRP. The Resolution Plan submitted by Shriram Multicom Private Limited was approved by the CoC with 100% voting shares. The Adjudicating Authority is considering the approval of the Resolution Plan.
Yes Bank Limited is the Financial Creditor. Sarga Hotel Private Limited is the Corporate Debtor. Avishek Gupta is the Resolution Professional. Shriram Multicom Private Limited submitted a resolution plan that was approved by the CoC with 100% voting shares. The Corporate Debtor was admitted into CIRP on 11.02.2022. The Resolution Professional made a public announcement to invite claims from creditors. The last date of submission was announced as 25.02.2022. The Applicant published revised Form -G along with a detailed EoI on 28.04.2022 and the last date for submission was written as 18.05.2022. The Applicant issued Letter of Intent to the Successful Resolution Applicant on 31.05.2023 and received a Performance Bank Guarantee dated 27.10.2022 for an amount of Rs.
…Corporate Debtor admitted into CIRP vide order…
Applicant made a public announcement to invite…