The case involves an application (IA 2897/MB-IV/2022) filed in CP (IB) No.1224/MB-IV/2019 under Section 30 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of a Resolution Plan for the Corporate Debtor, Shop CJ Network Private Limited. The Resolution Plan was filed by Besto Trademark Limited and approved by 100% vote of the Committee of Creditors (CoC). The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by a Financial Creditor, leading to the appointment of an Interim Resolution Professional (IRP) and subsequently the Applicant as the Resolution Professional (RP). The CoC was formed, and a forensic audit was conducted to investigate past transactions of the Corporate Debtor. The RP presented the Resolution
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Shop CJ Network Private Limited following the admission of a company petition filed by a Financial Creditor. Mr. Sanjay Shrivastava was initially appointed as the Interim Resolution Professional (IRP), and subsequently, Mr. Darshan Bharatbhai Patel was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, consisting of Centre for Economic and Social Inclusion Private Limited (Financial Creditor with 100% voting share), Opulence Global Purveying Private Limited, and Spectacular Media Marketing Private Limited (Operational Creditors). A forensic audit was conducted by M/s S L Gupta and Associates. The RP filed an application seeking approval of the Resolution
…Sign in to view the parties.
Application filed by Mr. Darshan Bharatbhai…
Company Petition filed…
The case involves an application (IA 2897/MB-IV/2022) filed in CP (IB) No.1224/MB-IV/2019 under Section 30 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of a Resolution Plan for the Corporate Debtor, Shop CJ Network Private Limited. The Resolution Plan was filed by Besto Trademark Limited and approved by 100% vote of the Committee of Creditors (CoC). The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by a Financial Creditor, leading to the appointment of an Interim Resolution Professional (IRP) and subsequently the Applicant as the Resolution Professional (RP). The CoC was formed, and a forensic audit was conducted to investigate past transactions of the Corporate Debtor. The RP presented the Resolution
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Shop CJ Network Private Limited following the admission of a company petition filed by a Financial Creditor. Mr. Sanjay Shrivastava was initially appointed as the Interim Resolution Professional (IRP), and subsequently, Mr. Darshan Bharatbhai Patel was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, consisting of Centre for Economic and Social Inclusion Private Limited (Financial Creditor with 100% voting share), Opulence Global Purveying Private Limited, and Spectacular Media Marketing Private Limited (Operational Creditors). A forensic audit was conducted by M/s S L Gupta and Associates. The RP filed an application seeking approval of the Resolution
…Application filed by Mr. Darshan Bharatbhai…
Company Petition filed…