The case involves an application filed by the Resolution Professional of Goenka Diamond and Jewels Limited seeking approval of a resolution plan submitted by Shri Navneet Goenka, which was approved by the Committee of Creditors (CoC) with 86.56% majority. Union Bank of India, a dissenting financial creditor, raised objections against the plan.
Union Bank of India (erstwhile Corporation Bank) filed a Company Petition under Section 7 of the Code for initiation of CIRP against Goenka Diamond and Jewels Limited.
The CIRP was admitted, and Mr. Sourabh Malpani was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The CoC was reconstituted, and the details of the CoC members were provided, including Punjab National Bank, Union Bank of India, Alchemist ARC Limited, and Punjab & Sind Bank.
The RP received 7 Expressions of Interest (EoIs) and subsequently three Resolution Plans.
The Resolution Plan submitted by Mr. Navneet Goenka was approved by the CoC with a majority of 86.56%.
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Company Petition filed…
The Company Petition…
The case involves an application filed by the Resolution Professional of Goenka Diamond and Jewels Limited seeking approval of a resolution plan submitted by Shri Navneet Goenka, which was approved by the Committee of Creditors (CoC) with 86.56% majority. Union Bank of India, a dissenting financial creditor, raised objections against the plan.
Union Bank of India (erstwhile Corporation Bank) filed a Company Petition under Section 7 of the Code for initiation of CIRP against Goenka Diamond and Jewels Limited.
The CIRP was admitted, and Mr. Sourabh Malpani was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The CoC was reconstituted, and the details of the CoC members were provided, including Punjab National Bank, Union Bank of India, Alchemist ARC Limited, and Punjab & Sind Bank.
The RP received 7 Expressions of Interest (EoIs) and subsequently three Resolution Plans.
The Resolution Plan submitted by Mr. Navneet Goenka was approved by the CoC with a majority of 86.56%.
…Company Petition filed…
The Company Petition…