The case involves two applications, IA-5678(PB)/2020 and IA-2437/2021, connected to CP (IB)-244(PB)/2019. IA-5678(PB)/2020 was filed by the Resolution Professional, Manish Agarwal, for the Corporate Debtor, Jain Studios Limited, seeking approval of the resolution plan approved by the Committee of Creditors (CoC). IA-2437/2021 was filed by Scindia Potteries and Services Pvt Ltd, objecting to the resolution plan, claiming ownership of a property included in the plan. The Corporate Insolvency Resolution Process (CIRP) was initiated against Jain Studios Limited following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Stressed Assets Stabilization Fund (SASF), a financial creditor. The Adjudicating Authority admitted the CIRP on 26.02.2020.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Jain Studios Limited following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Stressed Assets Stabilization Fund (SASF), a financial creditor. The Adjudicating Authority admitted the CIRP on 26.02.2020. Manish Agarwal was appointed as the Resolution Professional. The Committee of Creditors (CoC) was constituted on 20.03.2020. SASF filed its claim of Rs. 565,25,70,825. Asteroid Shelters homes Private Limited submitted a resolution plan, which was approved by the CoC with a 98.10% voting share. Scindia Potteries and Services Pvt Ltd (SPSPL) filed an application objecting to the resolution plan, claiming ownership of a property located at Scindia Villa, Sarojini Nagar,
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The case involves two applications, IA-5678(PB)/2020 and IA-2437/2021, connected to CP (IB)-244(PB)/2019. IA-5678(PB)/2020 was filed by the Resolution Professional, Manish Agarwal, for the Corporate Debtor, Jain Studios Limited, seeking approval of the resolution plan approved by the Committee of Creditors (CoC). IA-2437/2021 was filed by Scindia Potteries and Services Pvt Ltd, objecting to the resolution plan, claiming ownership of a property included in the plan. The Corporate Insolvency Resolution Process (CIRP) was initiated against Jain Studios Limited following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Stressed Assets Stabilization Fund (SASF), a financial creditor. The Adjudicating Authority admitted the CIRP on 26.02.2020.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Jain Studios Limited following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Stressed Assets Stabilization Fund (SASF), a financial creditor. The Adjudicating Authority admitted the CIRP on 26.02.2020. Manish Agarwal was appointed as the Resolution Professional. The Committee of Creditors (CoC) was constituted on 20.03.2020. SASF filed its claim of Rs. 565,25,70,825. Asteroid Shelters homes Private Limited submitted a resolution plan, which was approved by the CoC with a 98.10% voting share. Scindia Potteries and Services Pvt Ltd (SPSPL) filed an application objecting to the resolution plan, claiming ownership of a property located at Scindia Villa, Sarojini Nagar,
…The case is re…
The Adjudicating…