The application was filed by the Resolution Applicant under Rule 11 read with Rule 154 of the National Company Law Tribunal Rules, 2016, seeking correction of typographical/arithmetical errors in the Resolution Plan dated 22.07.2020. The errors pertained to the proposed increase in Equity Share Capital, where the Resolution Applicant intended to propose an increase of INR 1,00,000/- instead of INR 10,00,000/-. The Resolution Plan had been previously approved by the Authority vide order dated 07.10.2021 in IA No. 241/JPR/2020 in CP No. (IB) 262/7/JPR/2019.
S J Services Private Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, R. G. Buildestate Private Limited, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted vide order dated 30.01.2020, and Mr. Chander Shekhar was appointed as the Interim Resolution Professional (IRP). The IRP convened meetings of the Committee of Creditors (CoC), and in the 6th meeting dated 06.08.2020, the Resolution Plan proposed by the Resolution Applicant, M/s One City Infrastructure Private Limited, was endorsed. The Authority approved the Resolution Plan vide order dated 07.10.2021. Subsequently, the Resolution Applicant filed an application (IA No. 124/JPR/2022) seeking correction of
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CIRP against R. G.…
Date of the Resolution…
The application was filed by the Resolution Applicant under Rule 11 read with Rule 154 of the National Company Law Tribunal Rules, 2016, seeking correction of typographical/arithmetical errors in the Resolution Plan dated 22.07.2020. The errors pertained to the proposed increase in Equity Share Capital, where the Resolution Applicant intended to propose an increase of INR 1,00,000/- instead of INR 10,00,000/-. The Resolution Plan had been previously approved by the Authority vide order dated 07.10.2021 in IA No. 241/JPR/2020 in CP No. (IB) 262/7/JPR/2019.
S J Services Private Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, R. G. Buildestate Private Limited, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted vide order dated 30.01.2020, and Mr. Chander Shekhar was appointed as the Interim Resolution Professional (IRP). The IRP convened meetings of the Committee of Creditors (CoC), and in the 6th meeting dated 06.08.2020, the Resolution Plan proposed by the Resolution Applicant, M/s One City Infrastructure Private Limited, was endorsed. The Authority approved the Resolution Plan vide order dated 07.10.2021. Subsequently, the Resolution Applicant filed an application (IA No. 124/JPR/2022) seeking correction of
…CIRP against R. G.…
Date of the Resolution…