The application IA/1479/CHE/2023 was filed in CP(IB)/123/CHE/2022 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, concerning Porpoise 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) held its first meeting on 2023-05-03, where the applicant informed them that the Corporate Debtor had no business operations and was not a going concern. The applicant requested the CoC to approve eligibility criteria for publishing Form G, inviting resolution plans. However, the CoC
…The Corporate Insolvency Resolution Process (CIRP) of Porpoise Realtors Private Limited was initiated on 2023-03-31. 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 first meeting of the Committee of Creditors (CoC) was held on 2023-05-03, where the applicant informed them that the Corporate Debtor had no business operations and was not a going concern. The applicant requested the CoC to approve eligibility criteria for publishing Form G, inviting resolution plans. However, the CoC requested the applicant to withhold the publication of Form G as they were evaluating a strategy for all 19 co-borrower entities. In the
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Corporate Insolvency Resolution Process (CIRP)…
IRP issued a public…
The application IA/1479/CHE/2023 was filed in CP(IB)/123/CHE/2022 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, concerning Porpoise 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) held its first meeting on 2023-05-03, where the applicant informed them that the Corporate Debtor had no business operations and was not a going concern. The applicant requested the CoC to approve eligibility criteria for publishing Form G, inviting resolution plans. However, the CoC
…The Corporate Insolvency Resolution Process (CIRP) of Porpoise Realtors Private Limited was initiated on 2023-03-31. 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 first meeting of the Committee of Creditors (CoC) was held on 2023-05-03, where the applicant informed them that the Corporate Debtor had no business operations and was not a going concern. The applicant requested the CoC to approve eligibility criteria for publishing Form G, inviting resolution plans. However, the CoC requested the applicant to withhold the publication of Form G as they were evaluating a strategy for all 19 co-borrower entities. In the
…Corporate Insolvency Resolution Process (CIRP)…
IRP issued a public…