The case pertains to an application filed under Section 30(6) and Section 31(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional seeking approval of the Resolution Plan submitted by the Resolution Applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT, Mumbai Bench, on 27.03.2019. Mr. Ashish M. Chandak was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Nimit Kalsi replaced him as the Resolution Professional (RP). Later, Mr. Ram Rattan Kanoongo was appointed as the new RP. The Resolution Plan was approved by 70.65% of the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against D. Thakkar Construction Private Limited on 27.03.2019. Ashish M. Chandak was initially appointed as the Interim Resolution Professional (IRP), later replaced by Nimit Kalsi, and subsequently by Ram Rattan Kanoongo. The claims of financial creditors amounted to Rs. 422.10 Crores, with admitted claims of Rs. 373.97 Crores. The claims of operational creditors were Rs. 100.67 Crores, with admitted claims of Rs. 89.46 Crores. The claims of employees and workmen were Rs. 5,95,126, with admitted claims of Rs. 4,99,400. Two registered valuers were appointed to determine the fair value and liquidation value of the Corporate Debtor. The average liquidation value was Rs. 1,708.80 Lakhs, and the average fair
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Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement…
The case pertains to an application filed under Section 30(6) and Section 31(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional seeking approval of the Resolution Plan submitted by the Resolution Applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT, Mumbai Bench, on 27.03.2019. Mr. Ashish M. Chandak was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Nimit Kalsi replaced him as the Resolution Professional (RP). Later, Mr. Ram Rattan Kanoongo was appointed as the new RP. The Resolution Plan was approved by 70.65% of the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against D. Thakkar Construction Private Limited on 27.03.2019. Ashish M. Chandak was initially appointed as the Interim Resolution Professional (IRP), later replaced by Nimit Kalsi, and subsequently by Ram Rattan Kanoongo. The claims of financial creditors amounted to Rs. 422.10 Crores, with admitted claims of Rs. 373.97 Crores. The claims of operational creditors were Rs. 100.67 Crores, with admitted claims of Rs. 89.46 Crores. The claims of employees and workmen were Rs. 5,95,126, with admitted claims of Rs. 4,99,400. Two registered valuers were appointed to determine the fair value and liquidation value of the Corporate Debtor. The average liquidation value was Rs. 1,708.80 Lakhs, and the average fair
…Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement…