The case pertains to an application filed under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Superways Enterprises Private Limited, the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on July 27, 2022. Initially, Mr. Hemendra Paliwal was appointed as the Interim Resolution Professional (IRP), but he withdrew his consent. Subsequently, Mr. Devang Subodh Thakar was appointed as the IRP. During the CIRP, DBS Bank India Limited, a financial creditor, filed a claim which was rejected by the IRP due to a delay. DBS Bank then filed an Interlocutory Application seeking condonation of the delay. The Committee of Creditors (CoC) rejected the
…The case involves Superways Enterprises Private Limited, the Corporate Debtor, which was admitted into Corporate Insolvency Resolution Process (CIRP) on July 27, 2022. Initially, Mr. Hemendra Paliwal was appointed as the Interim Resolution Professional (IRP), but he withdrew his consent, leading to the appointment of Mr. Devang Subodh Thakar. During the CIRP, DBS Bank India Limited, a financial creditor, filed a claim of INR 1,50,40,59,092, which was rejected by the IRP due to a delay of 57 days. DBS Bank then filed an Interlocutory Application seeking condonation of the delay. The Committee of Creditors (CoC) was constituted, comprising Indian Bank Limited and Prarthna Private Limited. The CoC rejected the publication of a fresh Form G and the Eol of Kundan Group. The
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Corporate Debtor…
Mr. Hemendra Paliwal…
The case pertains to an application filed under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Superways Enterprises Private Limited, the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on July 27, 2022. Initially, Mr. Hemendra Paliwal was appointed as the Interim Resolution Professional (IRP), but he withdrew his consent. Subsequently, Mr. Devang Subodh Thakar was appointed as the IRP. During the CIRP, DBS Bank India Limited, a financial creditor, filed a claim which was rejected by the IRP due to a delay. DBS Bank then filed an Interlocutory Application seeking condonation of the delay. The Committee of Creditors (CoC) rejected the
…The case involves Superways Enterprises Private Limited, the Corporate Debtor, which was admitted into Corporate Insolvency Resolution Process (CIRP) on July 27, 2022. Initially, Mr. Hemendra Paliwal was appointed as the Interim Resolution Professional (IRP), but he withdrew his consent, leading to the appointment of Mr. Devang Subodh Thakar. During the CIRP, DBS Bank India Limited, a financial creditor, filed a claim of INR 1,50,40,59,092, which was rejected by the IRP due to a delay of 57 days. DBS Bank then filed an Interlocutory Application seeking condonation of the delay. The Committee of Creditors (CoC) was constituted, comprising Indian Bank Limited and Prarthna Private Limited. The CoC rejected the publication of a fresh Form G and the Eol of Kundan Group. The
…Corporate Debtor…
Mr. Hemendra Paliwal…