The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Manish Motilal Jaju, seeking approval of the Resolution Plan for Spartan Engineering Industries Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench-V on 11.08.2020 under Section 9 of the IBC. Mr. Neehal Mahamulal was appointed as Interim Resolution Professional, and subsequently, Mr. Manish Motilal Jaju was appointed as the Resolution Professional on 03.11.2020. Public announcements were made to invite claims from creditors. The Resolution Plan submitted by M/s. Kabra Estate & Investment Consultants was approved by the Committee of Creditors (COC) with a 99.96%
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Sivana Realty Private Limited on 11.08.2020, following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). Mr. Neehal Mahamulal was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Manish Motilal Jaju as the Resolution Professional (RP) on 03.11.2020. Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) comprised financial creditors, including LIC Housing Finance Limited and IDBI Trusteeship Services, and a class of homebuyers. The RP appointed registered valuers to determine the fair value and liquidation value of the corporate debtor's assets. The CoC approved a resolution plan submitted by
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Corporate Insolvency Resolution Process (CIRP)…
Mr. Manish Motilal Jaju…
The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional, Mr. Manish Motilal Jaju, seeking approval of the Resolution Plan for Spartan Engineering Industries Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench-V on 11.08.2020 under Section 9 of the IBC. Mr. Neehal Mahamulal was appointed as Interim Resolution Professional, and subsequently, Mr. Manish Motilal Jaju was appointed as the Resolution Professional on 03.11.2020. Public announcements were made to invite claims from creditors. The Resolution Plan submitted by M/s. Kabra Estate & Investment Consultants was approved by the Committee of Creditors (COC) with a 99.96%
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Sivana Realty Private Limited on 11.08.2020, following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). Mr. Neehal Mahamulal was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Manish Motilal Jaju as the Resolution Professional (RP) on 03.11.2020. Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) comprised financial creditors, including LIC Housing Finance Limited and IDBI Trusteeship Services, and a class of homebuyers. The RP appointed registered valuers to determine the fair value and liquidation value of the corporate debtor's assets. The CoC approved a resolution plan submitted by
…Corporate Insolvency Resolution Process (CIRP)…
Mr. Manish Motilal Jaju…