The case pertains to an application filed by the Resolution Professional, Ms. Sujata Chattopadhyay, seeking liquidation of Raghuleela Infraventures Private Limited, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Indiabulls Housing Finance Limited, the Financial Creditor, under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP) and subsequently named as Resolution Professional. The Corporate Debtor has only one class of assets, i.e., Securities and Financial Assets. Two valuers were appointed to determine the fair and liquidation value of these
…Indiabulls Housing Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Raghuleela Infraventures Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was admitted on 2021-10-06. Subsequently, the applicant, Ms. Sujata Chattopadhyay, was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The Corporate Debtor's assets were classified as Securities and Financial Assets, and two valuers were appointed to assess their fair and liquidation value. Form-G was published to invite Expression of Interest (EOI) from potential resolution applicants, but no EOI was received by the deadline. An extension of 90 days was granted for the CIRP period, which
…Sign in to view the parties.
The matter was…
The Tribunal admitted the Petition under…
The case pertains to an application filed by the Resolution Professional, Ms. Sujata Chattopadhyay, seeking liquidation of Raghuleela Infraventures Private Limited, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Indiabulls Housing Finance Limited, the Financial Creditor, under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP) and subsequently named as Resolution Professional. The Corporate Debtor has only one class of assets, i.e., Securities and Financial Assets. Two valuers were appointed to determine the fair and liquidation value of these
…Indiabulls Housing Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Raghuleela Infraventures Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was admitted on 2021-10-06. Subsequently, the applicant, Ms. Sujata Chattopadhyay, was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The Corporate Debtor's assets were classified as Securities and Financial Assets, and two valuers were appointed to assess their fair and liquidation value. Form-G was published to invite Expression of Interest (EOI) from potential resolution applicants, but no EOI was received by the deadline. An extension of 90 days was granted for the CIRP period, which
…The matter was…
The Tribunal admitted the Petition under…