The application IA/1443/CHE/2023 was filed in CP(IB)/131/CHE/2022 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of Fauna Realtors Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-03-31, and N.Veerapandian was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement on 2023-04-06, inviting claims from creditors by 2023-04-17. The first CoC meeting was held on 2023-05-03, where the applicant appraised the CoC that the Corporate Debtor had no business operations. The CoC resolved to liquidate the Corporate Debtor with 100% voting in the second CoC meeting held on 2023-06-19.
The Corporate Insolvency Resolution Process (CIRP) of Fauna Realtors Private Limited was initiated on 2023-03-31. N.Veerapandian was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 2023-04-06, with a claim submission deadline of 2023-04-17. The first meeting of the Committee of Creditors (CoC) was held on 2023-05-03, where the IRP informed the CoC that the Corporate Debtor had no business operations. The CoC was comprised of a single financial creditor, Piramal Capital & Housing Finance Limited, holding 100% of the voting share with admitted claims of INR 82,26,11,662/-. The CoC decided to liquidate the Corporate Debtor in a meeting held on 2023-06-19 with 100% voting. The Corporate Debtor was deemed non-operational for a
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Corporate Insolvency Resolution Process…
Public announcement…
The application IA/1443/CHE/2023 was filed in CP(IB)/131/CHE/2022 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of Fauna Realtors Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-03-31, and N.Veerapandian was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement on 2023-04-06, inviting claims from creditors by 2023-04-17. The first CoC meeting was held on 2023-05-03, where the applicant appraised the CoC that the Corporate Debtor had no business operations. The CoC resolved to liquidate the Corporate Debtor with 100% voting in the second CoC meeting held on 2023-06-19.
The Corporate Insolvency Resolution Process (CIRP) of Fauna Realtors Private Limited was initiated on 2023-03-31. N.Veerapandian was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 2023-04-06, with a claim submission deadline of 2023-04-17. The first meeting of the Committee of Creditors (CoC) was held on 2023-05-03, where the IRP informed the CoC that the Corporate Debtor had no business operations. The CoC was comprised of a single financial creditor, Piramal Capital & Housing Finance Limited, holding 100% of the voting share with admitted claims of INR 82,26,11,662/-. The CoC decided to liquidate the Corporate Debtor in a meeting held on 2023-06-19 with 100% voting. The Corporate Debtor was deemed non-operational for a
…Corporate Insolvency Resolution Process…
Public announcement…