The case involves an application filed by Mr. Pankaj Thakur under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, against the Resolution Professional of Earthcon Universal Infratech Private Limited. The applicant alleges mischievous and fraudulent conduct by the Resolution Professional. The corporate insolvency resolution process (CIRP) was initiated against Earthcon Universal Infratech Private Limited by Nisus Finance & Investment Managers LLP & Anr. The application was admitted on 2020-11-08. A resolution plan submitted by Consortium of M/s. D. S. Infraheights Private Limited and M/s. Anand Buildtech Private Limited was approved by the CoC with 70.18% voting share. The Resolution Professional then submitted an IA-4466/2023 for approval of the
…Nisus Finance & Investment Managers LLP & Anr. initiated CIRP against Earthcon Universal Infratech Private Limited under Section 7 of the IBC. The application was admitted on 2020-11-08, and a moratorium was declared. Mr. Jitendra Arora was appointed as Interim Resolution Professional, and later Mr. Gaurav Katiyar was confirmed as Resolution Professional. A resolution plan submitted by Consortium of M/s. D. S. Infraheights Private Limited and M/s. Anand Buildtech Private Limited was approved by the CoC with 70.18% voting share. Mr. Pankaj Thakur, another resolution applicant, filed an application alleging misconduct by the Resolution Professional, claiming that his resolution plan was unfairly rejected. The Resolution Professional submitted IA-4466/2023 for
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Application under Section 7 of IBC admitted…
Resolution plan submitted by Consortium of…
The case involves an application filed by Mr. Pankaj Thakur under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, against the Resolution Professional of Earthcon Universal Infratech Private Limited. The applicant alleges mischievous and fraudulent conduct by the Resolution Professional. The corporate insolvency resolution process (CIRP) was initiated against Earthcon Universal Infratech Private Limited by Nisus Finance & Investment Managers LLP & Anr. The application was admitted on 2020-11-08. A resolution plan submitted by Consortium of M/s. D. S. Infraheights Private Limited and M/s. Anand Buildtech Private Limited was approved by the CoC with 70.18% voting share. The Resolution Professional then submitted an IA-4466/2023 for approval of the
…Nisus Finance & Investment Managers LLP & Anr. initiated CIRP against Earthcon Universal Infratech Private Limited under Section 7 of the IBC. The application was admitted on 2020-11-08, and a moratorium was declared. Mr. Jitendra Arora was appointed as Interim Resolution Professional, and later Mr. Gaurav Katiyar was confirmed as Resolution Professional. A resolution plan submitted by Consortium of M/s. D. S. Infraheights Private Limited and M/s. Anand Buildtech Private Limited was approved by the CoC with 70.18% voting share. Mr. Pankaj Thakur, another resolution applicant, filed an application alleging misconduct by the Resolution Professional, claiming that his resolution plan was unfairly rejected. The Resolution Professional submitted IA-4466/2023 for
…Application under Section 7 of IBC admitted…
Resolution plan submitted by Consortium of…