The application IA/1428/CHE/2023 was filed in CP(IB)/110/CHE/2022 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, regarding Nellai Realtors Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-03-31, and N.Veerapandian was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement on 2023-04-06, inviting claims from the Corporate Debtor's claimants by 2023-04-17. The Committee of Creditors (CoC) was formed, with M/s. Piramal Capital & Housing Finance Limited holding 100% voting share. The first CoC meeting was held on 2023-05-03, where the IRP appraised that the Corporate Debtor had no business operations and was not a going concern. The CoC requested the IRP to withhold the
…Nellai Realtors Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2023-03-31. N.Veerapandian was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2023-04-06, inviting claims by 2023-04-17. M/s. Piramal Capital & Housing Finance Limited held 100% voting share in the Committee of Creditors (CoC). The first CoC meeting on 2023-05-03 revealed the Corporate Debtor's non-operational status and lack of business. The CoC withheld publication of Form G to evaluate strategies for 19 co-borrower entities. The second CoC meeting on 2023-06-19 resolved to liquidate the Corporate Debtor with 100% voting. The Corporate Debtor was non-operational for a long time, with no other business conducted. The main
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
Public announcement…
The application IA/1428/CHE/2023 was filed in CP(IB)/110/CHE/2022 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, regarding Nellai Realtors Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2023-03-31, and N.Veerapandian was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement on 2023-04-06, inviting claims from the Corporate Debtor's claimants by 2023-04-17. The Committee of Creditors (CoC) was formed, with M/s. Piramal Capital & Housing Finance Limited holding 100% voting share. The first CoC meeting was held on 2023-05-03, where the IRP appraised that the Corporate Debtor had no business operations and was not a going concern. The CoC requested the IRP to withhold the
…Nellai Realtors Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2023-03-31. N.Veerapandian was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2023-04-06, inviting claims by 2023-04-17. M/s. Piramal Capital & Housing Finance Limited held 100% voting share in the Committee of Creditors (CoC). The first CoC meeting on 2023-05-03 revealed the Corporate Debtor's non-operational status and lack of business. The CoC withheld publication of Form G to evaluate strategies for 19 co-borrower entities. The second CoC meeting on 2023-06-19 resolved to liquidate the Corporate Debtor with 100% voting. The Corporate Debtor was non-operational for a long time, with no other business conducted. The main
…Corporate Insolvency Resolution Process…
Public announcement…