The case pertains to an application (IA – 387/ND/2023) filed by the Resolution Professional (RP) of M/s Sarvottam Realcon Private Limited, a Corporate Debtor, seeking approval of a Resolution Plan under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with regulations 37 to 39 of the IBBI (CIRP Regulations), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by Suraj Kumar Kaushal & Ors. under Section 7 of the IBC. The Adjudicating Authority admitted the petition on 09.07.2021, appointing Mr. Sandeep Goel as the Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The resolution plan submitted by Anugraham Builders was approved by the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Sarvottam Realcon Private Limited based on a petition filed by Suraj Kumar Kaushal & Ors. under Section 7 of the IBC. The petition was admitted on 09.07.2021, and Mr. Sandeep Goel was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). Public announcement was made on 14.07.2021. Claims were collated, and the CoC was formed on 31.07.2021. The total admitted claims from Financial Creditors amounted to Rs. 143,71,07,169, including Rs. 37,67,95,988 from Omkara Assets Reconstruction Private Limited and Rs. 106,03,11,181 from Real Estate Allottees. The total admitted claim from Operational Creditors was Rs. 15,22,94,384 to Ghaziabad
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The case pertains to an application (IA – 387/ND/2023) filed by the Resolution Professional (RP) of M/s Sarvottam Realcon Private Limited, a Corporate Debtor, seeking approval of a Resolution Plan under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with regulations 37 to 39 of the IBBI (CIRP Regulations), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by Suraj Kumar Kaushal & Ors. under Section 7 of the IBC. The Adjudicating Authority admitted the petition on 09.07.2021, appointing Mr. Sandeep Goel as the Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The resolution plan submitted by Anugraham Builders was approved by the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Sarvottam Realcon Private Limited based on a petition filed by Suraj Kumar Kaushal & Ors. under Section 7 of the IBC. The petition was admitted on 09.07.2021, and Mr. Sandeep Goel was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). Public announcement was made on 14.07.2021. Claims were collated, and the CoC was formed on 31.07.2021. The total admitted claims from Financial Creditors amounted to Rs. 143,71,07,169, including Rs. 37,67,95,988 from Omkara Assets Reconstruction Private Limited and Rs. 106,03,11,181 from Real Estate Allottees. The total admitted claim from Operational Creditors was Rs. 15,22,94,384 to Ghaziabad
…Company Petiti…
Corporate Insolvency Resolution Process (CIRP)…