The application I.A/5191/2023 was filed under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016, along with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed by Mr. Gaurav Katiyar, the Resolution Professional of Value Infratech India Private Limited, seeking approval of the Resolution Plan submitted by the Consortium of Floral Realcon Private Limited and Mr. Sandeep Batra. The Corporate Insolvency Resolution Process (CIRP) was initiated against Value Infratech India Private Limited by the Adjudicating Authority on 03.01.2020, following an application by Capri Global Capital Limited under Section 7 of the Code. Initially, Mr. Sanjay Kumar Singh was appointed as
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Value Infratech India Private Limited following an application by Capri Global Capital Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Sanjay Kumar Singh was initially appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. Liquidation proceedings were initiated but subsequently overturned on appeal by real estate allottees. Mr. Gaurav Katiyar was then appointed as the IRP. The Resolution Professional received claims from financial creditors and presented a resolution plan to the Committee of Creditors (CoC). The CoC approved a resolution plan submitted by the Consortium of Floral Realcon Private Limited and Mr. Sandeep
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Corporate Insolvency Resolution Process…
Mr. Sanjay Kumar Singh…
The application I.A/5191/2023 was filed under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016, along with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed by Mr. Gaurav Katiyar, the Resolution Professional of Value Infratech India Private Limited, seeking approval of the Resolution Plan submitted by the Consortium of Floral Realcon Private Limited and Mr. Sandeep Batra. The Corporate Insolvency Resolution Process (CIRP) was initiated against Value Infratech India Private Limited by the Adjudicating Authority on 03.01.2020, following an application by Capri Global Capital Limited under Section 7 of the Code. Initially, Mr. Sanjay Kumar Singh was appointed as
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Value Infratech India Private Limited following an application by Capri Global Capital Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Sanjay Kumar Singh was initially appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. Liquidation proceedings were initiated but subsequently overturned on appeal by real estate allottees. Mr. Gaurav Katiyar was then appointed as the IRP. The Resolution Professional received claims from financial creditors and presented a resolution plan to the Committee of Creditors (CoC). The CoC approved a resolution plan submitted by the Consortium of Floral Realcon Private Limited and Mr. Sandeep
…Corporate Insolvency Resolution Process…
Mr. Sanjay Kumar Singh…