The case pertains to IA No. 611/ND/2021 in Company Petition No. (IB)-1164(ND)/2019, filed by the Resolution Professional (RP) of Kredo Beauty Private Limited, seeking approval of a resolution plan submitted by Ms. Vanshika Raheja and Ms. Mridula Mangla. The Operational Creditor, M/s Punjabi Accessoriezz Private Limited, initiated Corporate Insolvency Resolution Process (CIRP) against Kredo Beauty Private Limited under Section 9 of the IBC, 2016. The application was admitted on 16.01.2020, and Mr. Ravi Bansal was appointed as the Interim Resolution Professional (IRP), later confirmed as the RP.
M/s. Punjabi Accessoriezz Private Limited, the Operational Creditor, filed an application (IB-1164(ND)/2019) under Section 9 of the IBC, 2016, to initiate CIRP against Kredo Beauty Private Limited, the Corporate Debtor. The application was admitted on 16.01.2020, and Mr. Ravi Bansal was appointed as IRP and later confirmed as RP. Public announcement was made on 21.01.2020. The Committee of Creditors (CoC) was constituted, comprising Crickxon Trade and Export Private Limited (70.13% voting share) and Swift Builders Limited (29.87% voting share). Vanshika Raheja and Mridula Mangla jointly submitted a Resolution Plan. The CoC approved the Resolution Plan on 12.01.2021 with 100% voting share. The Resolution Plan proposed a payment of Rs. 4.07 Lakhs against admitted claims
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M/s. Punjabi Accessoriezz Private Limited…
The applicati…
The case pertains to IA No. 611/ND/2021 in Company Petition No. (IB)-1164(ND)/2019, filed by the Resolution Professional (RP) of Kredo Beauty Private Limited, seeking approval of a resolution plan submitted by Ms. Vanshika Raheja and Ms. Mridula Mangla. The Operational Creditor, M/s Punjabi Accessoriezz Private Limited, initiated Corporate Insolvency Resolution Process (CIRP) against Kredo Beauty Private Limited under Section 9 of the IBC, 2016. The application was admitted on 16.01.2020, and Mr. Ravi Bansal was appointed as the Interim Resolution Professional (IRP), later confirmed as the RP.
M/s. Punjabi Accessoriezz Private Limited, the Operational Creditor, filed an application (IB-1164(ND)/2019) under Section 9 of the IBC, 2016, to initiate CIRP against Kredo Beauty Private Limited, the Corporate Debtor. The application was admitted on 16.01.2020, and Mr. Ravi Bansal was appointed as IRP and later confirmed as RP. Public announcement was made on 21.01.2020. The Committee of Creditors (CoC) was constituted, comprising Crickxon Trade and Export Private Limited (70.13% voting share) and Swift Builders Limited (29.87% voting share). Vanshika Raheja and Mridula Mangla jointly submitted a Resolution Plan. The CoC approved the Resolution Plan on 12.01.2021 with 100% voting share. The Resolution Plan proposed a payment of Rs. 4.07 Lakhs against admitted claims
…M/s. Punjabi Accessoriezz Private Limited…
The applicati…