The application was filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, Asten Realtors Private Limited, excluding assets for which Resolution Plans have been approved. The CIRP was initiated following an application under Section 7 of the Code by financial creditors, including Mr. Chandy John Samuel. The Corporate Debtor's CIRP was admitted on 2023-01-25, and Mr. Rajendran P.R. was appointed as the Interim Resolution Professional. The Interim Resolution Professional made a public announcement inviting claims and appointed valuers to conduct the valuation of the assets. The Committee of Creditors (CoC) confirmed the appointment of the Interim Resolution
…Mr. Chandy John Samuel and others, acting as financial creditors, initiated a Corporate Insolvency Resolution Process (CIRP) against Asten Realtors Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on 2023-01-25, and Mr. Rajendran P.R. was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement inviting claims and appointed valuers to assess the Corporate Debtor's assets. The Committee of Creditors (CoC) confirmed the appointment of the IRP as the Resolution Professional (RP) on 2023-03-25. The RP invited Expressions of Interest (EOI) for resolution plans and received two project-wise plans. The CIRP period was extended until 2023-10-22. The CoC approved two Resolution Plans with 78.39%
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Corporate Insolvency Resolution Process…
Interim Resolution…
The application was filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, Asten Realtors Private Limited, excluding assets for which Resolution Plans have been approved. The CIRP was initiated following an application under Section 7 of the Code by financial creditors, including Mr. Chandy John Samuel. The Corporate Debtor's CIRP was admitted on 2023-01-25, and Mr. Rajendran P.R. was appointed as the Interim Resolution Professional. The Interim Resolution Professional made a public announcement inviting claims and appointed valuers to conduct the valuation of the assets. The Committee of Creditors (CoC) confirmed the appointment of the Interim Resolution
…Mr. Chandy John Samuel and others, acting as financial creditors, initiated a Corporate Insolvency Resolution Process (CIRP) against Asten Realtors Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on 2023-01-25, and Mr. Rajendran P.R. was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement inviting claims and appointed valuers to assess the Corporate Debtor's assets. The Committee of Creditors (CoC) confirmed the appointment of the IRP as the Resolution Professional (RP) on 2023-03-25. The RP invited Expressions of Interest (EOI) for resolution plans and received two project-wise plans. The CIRP period was extended until 2023-10-22. The CoC approved two Resolution Plans with 78.39%
…Corporate Insolvency Resolution Process…
Interim Resolution…