The case pertains to the approval of a resolution plan for Straight Edge Contracts Private Limited ('Corporate Debtor'). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by M/s. Gupta Ji Electric Company under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initially admitted by the NCLT on 26.02.2020, but this order was later set aside by the NCLAT. Subsequently, the NCLAT recalled its earlier order, and the admission order of 26.02.2020 was restored. The Resolution Professional (RP) then invited claims from creditors, and the Committee of Creditors (CoC) was formed. Multiple CoC meetings were held to discuss the resolution plan. The CIRP period was extended multiple times by
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Straight Edge Contracts Private Limited ('Corporate Debtor') based on a petition filed by M/s. Gupta Ji Electric Company under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT initially admitted the petition on 26.02.2020, but this order was later set aside by the NCLAT. Subsequently, the NCLAT recalled its earlier order, and the admission order of 26.02.2020 was restored. Mr. Ankit Kishore Sinha was appointed as the Resolution Professional (RP). The RP made a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was formed, with Gulshan Homz Private Limited holding the majority voting share (92.78%). Multiple CoC meetings were held to discuss the
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C.P. No. IB-1071/ND/2019…
NCLT admitted the petition and initiated CIRP…
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The case pertains to the approval of a resolution plan for Straight Edge Contracts Private Limited ('Corporate Debtor'). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by M/s. Gupta Ji Electric Company under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initially admitted by the NCLT on 26.02.2020, but this order was later set aside by the NCLAT. Subsequently, the NCLAT recalled its earlier order, and the admission order of 26.02.2020 was restored. The Resolution Professional (RP) then invited claims from creditors, and the Committee of Creditors (CoC) was formed. Multiple CoC meetings were held to discuss the resolution plan. The CIRP period was extended multiple times by
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Straight Edge Contracts Private Limited ('Corporate Debtor') based on a petition filed by M/s. Gupta Ji Electric Company under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT initially admitted the petition on 26.02.2020, but this order was later set aside by the NCLAT. Subsequently, the NCLAT recalled its earlier order, and the admission order of 26.02.2020 was restored. Mr. Ankit Kishore Sinha was appointed as the Resolution Professional (RP). The RP made a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was formed, with Gulshan Homz Private Limited holding the majority voting share (92.78%). Multiple CoC meetings were held to discuss the
…C.P. No. IB-1071/ND/2019…
NCLT admitted the petition and initiated CIRP…
Sign in to view related legal provisions.