The application IA-3261(PB)/2021 was filed by Mr. Rakesh Kumar Gupta, the Resolution Professional of M/s. M-Tech Developers Private Limited, seeking approval of the resolution plan under section 30(6) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated after Debashish Majumdar/Financial Creditor filed a Company Petition bearing IB-No.- 2488(PB)/2019, under Section 7 of the Code, against the Corporate Debtor M/s. M-Tech Developers Private Limited, which was admitted on 12.11.2020. Mr. Rakesh Kumar Gupta was appointed as the Interim Resolution Professional (“IRP”) and later confirmed as the Resolution Professional ("RP").
Debashish Majumdar, a Financial Creditor, initiated CIRP against M-Tech Developers Private Limited under Section 7 of the IBC. The CIRP commenced on 2020-11-12, with Rakesh Kumar Gupta appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 2020-11-14, setting the last date for claim submissions as 2020-11-26. The RP constituted a CoC on 2020-12-10. The 'Form-G' was published on 2021-01-28, with a deadline of 2021-02-11 for submitting EOIs and 2021-04-28 for submitting the Resolution Plan. The RP received 03 EOIs, rejecting 02. The CoC extended the CIRP period by 90 days. The 5th CoC meeting was held on 2021-06-22, where the RP informed the CoC about a Resolution Plan from M/s
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Debashish Majumdar/Financial Creditor…
The Bench admitted the Company Petition and…
The application IA-3261(PB)/2021 was filed by Mr. Rakesh Kumar Gupta, the Resolution Professional of M/s. M-Tech Developers Private Limited, seeking approval of the resolution plan under section 30(6) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated after Debashish Majumdar/Financial Creditor filed a Company Petition bearing IB-No.- 2488(PB)/2019, under Section 7 of the Code, against the Corporate Debtor M/s. M-Tech Developers Private Limited, which was admitted on 12.11.2020. Mr. Rakesh Kumar Gupta was appointed as the Interim Resolution Professional (“IRP”) and later confirmed as the Resolution Professional ("RP").
Debashish Majumdar, a Financial Creditor, initiated CIRP against M-Tech Developers Private Limited under Section 7 of the IBC. The CIRP commenced on 2020-11-12, with Rakesh Kumar Gupta appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP made a public announcement on 2020-11-14, setting the last date for claim submissions as 2020-11-26. The RP constituted a CoC on 2020-12-10. The 'Form-G' was published on 2021-01-28, with a deadline of 2021-02-11 for submitting EOIs and 2021-04-28 for submitting the Resolution Plan. The RP received 03 EOIs, rejecting 02. The CoC extended the CIRP period by 90 days. The 5th CoC meeting was held on 2021-06-22, where the RP informed the CoC about a Resolution Plan from M/s
…Debashish Majumdar/Financial Creditor…
The Bench admitted the Company Petition and…