The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Heera Constructions Company Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 27.03.2019. The Resolution Professional (RP) invited claims from creditors and appointed registered valuers to determine the fair and liquidation value of the Corporate Debtor. The Committee of Creditors (CoC) approved the resolution plan submitted by M/s Royal Heights Projects Private Limited & Others (consortium applicants) with a voting percentage of 74.19%.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Heera Constructions Company Private Limited on 27.03.2019, following an order by the NCLT. Mr. Raju Palanilkunnathil Kesavan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP published announcements inviting claims from creditors. The fair value of the Corporate Debtor was assessed at Rs. 372.10 Crores, and the liquidation value at Rs. 277.04 Crores. The CoC approved a resolution plan submitted by a consortium of Royal Heights Projects Private Limited, Antony Contracting Private Limited, and Vellapally Brothers with a 74.19% voting share. The resolution plan proposed a total consideration of Rs. 18,811.54 Lakhs for the settlement of
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Corporate Insolvency Resolution Process (CIRP)…
The Applicant published a public announcement…
The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Heera Constructions Company Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 27.03.2019. The Resolution Professional (RP) invited claims from creditors and appointed registered valuers to determine the fair and liquidation value of the Corporate Debtor. The Committee of Creditors (CoC) approved the resolution plan submitted by M/s Royal Heights Projects Private Limited & Others (consortium applicants) with a voting percentage of 74.19%.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Heera Constructions Company Private Limited on 27.03.2019, following an order by the NCLT. Mr. Raju Palanilkunnathil Kesavan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP published announcements inviting claims from creditors. The fair value of the Corporate Debtor was assessed at Rs. 372.10 Crores, and the liquidation value at Rs. 277.04 Crores. The CoC approved a resolution plan submitted by a consortium of Royal Heights Projects Private Limited, Antony Contracting Private Limited, and Vellapally Brothers with a 74.19% voting share. The resolution plan proposed a total consideration of Rs. 18,811.54 Lakhs for the settlement of
…Corporate Insolvency Resolution Process (CIRP)…
The Applicant published a public announcement…