The case involves an application (IA(plan)/41(AHM)2024) filed by the Resolution Professional (RP) under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for approval of a Resolution Plan for M/s. Gabriel Ventures India Private Limited.
The Financial Creditor, M/s. Zep Infratech Limited, filed a petition under Section 7 of the IBC, 2016, to initiate CIRP against M/s. Gabriel Ventures India Private Limited.
The Adjudicating Authority admitted the Company Petition on 23.11.2023 and appointed the Applicant as Interim Resolution Professional (IRP).
The Applicant constituted a Committee of Creditors (CoC) comprising M/s. Zep Infratech Limited and Rajendra M Thakkar (Ravasia) and Private Limited Sons.
The Applicant received a Resolution Plan from Ms. Niyati K. Patel, which was approved by the CoC with 100% majority on 06.05.2024.
The Applicant filed an Interlocutory Application seeking an extension of 90 days for completion of CIRP, but the Adjudicating Authority granted only 30 days.
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M/s. Zep Infratech…
Adjudicating Authority admitted the Company…
The case involves an application (IA(plan)/41(AHM)2024) filed by the Resolution Professional (RP) under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for approval of a Resolution Plan for M/s. Gabriel Ventures India Private Limited.
The Financial Creditor, M/s. Zep Infratech Limited, filed a petition under Section 7 of the IBC, 2016, to initiate CIRP against M/s. Gabriel Ventures India Private Limited.
The Adjudicating Authority admitted the Company Petition on 23.11.2023 and appointed the Applicant as Interim Resolution Professional (IRP).
The Applicant constituted a Committee of Creditors (CoC) comprising M/s. Zep Infratech Limited and Rajendra M Thakkar (Ravasia) and Private Limited Sons.
The Applicant received a Resolution Plan from Ms. Niyati K. Patel, which was approved by the CoC with 100% majority on 06.05.2024.
The Applicant filed an Interlocutory Application seeking an extension of 90 days for completion of CIRP, but the Adjudicating Authority granted only 30 days.
…M/s. Zep Infratech…
Adjudicating Authority admitted the Company…