The application was filed by the Resolution Professional of Chinar Realty Private Limited under Section 60(5) read with Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
CIRP was initiated against Chinar Realty Private Limited on 02.05.2024, filed by Omkara Assets Reconstruction Private Limited under Section 7 of the Code.
Amit Vijay Karia was appointed as the IRP and later confirmed as the RP.
Several CoC meetings were held, and the CoC approved the Request for Resolution Plan (RFRP) and Evaluation Matrix (EM).
The CIRP period was extended to 27.01.2025.
No resolution plans were received despite extending the last date for submission multiple times.
The CoC decided to initiate the liquidation process under Section 33 of the Code with 100% voting share.
The suspended director of the corporate debtor filed an appeal with the NCLAT, which was dismissed.
The RP filed a liquidation application on 02.01.2025.
Sign in to view the parties.
CIRP initiated…
IRP receive…
The application was filed by the Resolution Professional of Chinar Realty Private Limited under Section 60(5) read with Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
CIRP was initiated against Chinar Realty Private Limited on 02.05.2024, filed by Omkara Assets Reconstruction Private Limited under Section 7 of the Code.
Amit Vijay Karia was appointed as the IRP and later confirmed as the RP.
Several CoC meetings were held, and the CoC approved the Request for Resolution Plan (RFRP) and Evaluation Matrix (EM).
The CIRP period was extended to 27.01.2025.
No resolution plans were received despite extending the last date for submission multiple times.
The CoC decided to initiate the liquidation process under Section 33 of the Code with 100% voting share.
The suspended director of the corporate debtor filed an appeal with the NCLAT, which was dismissed.
The RP filed a liquidation application on 02.01.2025.
CIRP initiated…
IRP receive…