The case involves an application (I.A. 331 of 2024) in a Corporate Insolvency Resolution Process (CIRP) under C.P.(IB) No. 1122/MB/2021. Greenshift Initiatives Private Limited, the Applicant, sought permission to attend Committee of Creditors (CoC) meetings, and requested that the Resolution Professional (RP), Sonu Gupta, provide notice of all future CoC meetings. The Applicant's claim stems from an assignment agreement with Rolta Private Limited, a related party of the Corporate Debtor, Rolta Bi & Big Data Analytics Private Limited. The Applicant claims to be a financial creditor based on this assignment.
The Corporate Debtor, Rolta Bi & Big Data Analytics Private Limited, was admitted into CIRP on 2023-10-13. The Applicant, Greenshift Initiatives Private Limited, entered into an Assignment Agreement dated 2023-11-06 with Rolta Private Limited, where Rolta Private Limited assigned its debt to the Applicant. The Applicant paid Rs. 3,25,000/- to Rolta Private Limited. The debt arose from financial assistance of Rs. 3,48,742 provided by Rolta Private Limited to the Corporate Debtor, acknowledged in a balance confirmation letter dated 2023-10-02. The Applicant filed a claim in Form-C dated 2023-11-08. The RP admitted the claim as an unsecured financial creditor. Rolta Private Limited is a related party to the Corporate Debtor. The assignment occurred after the
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The case involves an application (I.A. 331 of 2024) in a Corporate Insolvency Resolution Process (CIRP) under C.P.(IB) No. 1122/MB/2021. Greenshift Initiatives Private Limited, the Applicant, sought permission to attend Committee of Creditors (CoC) meetings, and requested that the Resolution Professional (RP), Sonu Gupta, provide notice of all future CoC meetings. The Applicant's claim stems from an assignment agreement with Rolta Private Limited, a related party of the Corporate Debtor, Rolta Bi & Big Data Analytics Private Limited. The Applicant claims to be a financial creditor based on this assignment.
The Corporate Debtor, Rolta Bi & Big Data Analytics Private Limited, was admitted into CIRP on 2023-10-13. The Applicant, Greenshift Initiatives Private Limited, entered into an Assignment Agreement dated 2023-11-06 with Rolta Private Limited, where Rolta Private Limited assigned its debt to the Applicant. The Applicant paid Rs. 3,25,000/- to Rolta Private Limited. The debt arose from financial assistance of Rs. 3,48,742 provided by Rolta Private Limited to the Corporate Debtor, acknowledged in a balance confirmation letter dated 2023-10-02. The Applicant filed a claim in Form-C dated 2023-11-08. The RP admitted the claim as an unsecured financial creditor. Rolta Private Limited is a related party to the Corporate Debtor. The assignment occurred after the
…Filing of the Corporate…
Corporate Debtor acknowledged the debt in a…