The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Sristi Hospitality Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-02-27 under Section 7 of the IBC. Rajan Deshraj Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The Committee of Creditors (CoC) was formed, and a resolution plan submitted by Consortium of Admas Industries Pvt Ltd, Subh Ashish Exim Pvt Ltd, and Mr. Amit Jatia was approved with 100% voting share.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sristi Hospitality Pvt Ltd on 2023-02-27. Rajan Deshraj Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was constituted, with Saraswat Co-operative Bank Ltd holding 100% voting share. Five registered valuers were appointed to determine the fair value and liquidation value of the assets. The last date for submission of Expression of Interest (EOI) from Prospective Resolution Applicants was 2023-06-15. Three resolution plans were received, and the CoC approved the plan submitted by Consortium of Admas Industries Private Limited & Ors with a
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
The Applicant published a Public Announcement…
The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Sristi Hospitality Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-02-27 under Section 7 of the IBC. Rajan Deshraj Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The Committee of Creditors (CoC) was formed, and a resolution plan submitted by Consortium of Admas Industries Pvt Ltd, Subh Ashish Exim Pvt Ltd, and Mr. Amit Jatia was approved with 100% voting share.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sristi Hospitality Pvt Ltd on 2023-02-27. Rajan Deshraj Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was constituted, with Saraswat Co-operative Bank Ltd holding 100% voting share. Five registered valuers were appointed to determine the fair value and liquidation value of the assets. The last date for submission of Expression of Interest (EOI) from Prospective Resolution Applicants was 2023-06-15. Three resolution plans were received, and the CoC approved the plan submitted by Consortium of Admas Industries Private Limited & Ors with a
…Corporate Insolvency Resolution Process…
The Applicant published a Public Announcement…