The document pertains to I.A. 3625/2022 filed in C.P. No. (IB) 27/MB/C-III/2019 under Section 31 of the Insolvency and Bankruptcy Code, 2016. The application was filed by Mr. Abhay Narayan Manudhane, the Resolution Professional of Housing Development & Infrastructure Limited (HDIL), seeking approval of the Resolution Plan for Vertical V Project BKC, submitted by Adani Properties Private Limited. The CoC approved the resolution plan with 66.084% voting share. The CIRP was initiated on 20.08.2019.
The Corporate Insolvency Resolution Process (CIRP) of Housing Development & Infrastructure Limited (HDIL), the Corporate Debtor, was initiated on 20.08.2019. Mr. Abhay Narayan Manudhane was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 29.08.2019, inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and the RP was confirmed on 08.01.2020. The CoC approved the appointment of valuers to determine the fair value and liquidation value of the Corporate Debtor's assets. The RP issued a Request for Resolution Plans (RFRP) on 17.01.2022. Adani Properties Private Limited submitted a resolution plan for Vertical V Project BKC, which was approved by the CoC with 66.084% voting. The RP issued a Letter
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Corporate Insolvency…
IRP made public…
The document pertains to I.A. 3625/2022 filed in C.P. No. (IB) 27/MB/C-III/2019 under Section 31 of the Insolvency and Bankruptcy Code, 2016. The application was filed by Mr. Abhay Narayan Manudhane, the Resolution Professional of Housing Development & Infrastructure Limited (HDIL), seeking approval of the Resolution Plan for Vertical V Project BKC, submitted by Adani Properties Private Limited. The CoC approved the resolution plan with 66.084% voting share. The CIRP was initiated on 20.08.2019.
The Corporate Insolvency Resolution Process (CIRP) of Housing Development & Infrastructure Limited (HDIL), the Corporate Debtor, was initiated on 20.08.2019. Mr. Abhay Narayan Manudhane was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 29.08.2019, inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and the RP was confirmed on 08.01.2020. The CoC approved the appointment of valuers to determine the fair value and liquidation value of the Corporate Debtor's assets. The RP issued a Request for Resolution Plans (RFRP) on 17.01.2022. Adani Properties Private Limited submitted a resolution plan for Vertical V Project BKC, which was approved by the CoC with 66.084% voting. The RP issued a Letter
…Corporate Insolvency…
IRP made public…