The application is for approval of a resolution plan for Riverbank Developers Private Limited under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016.
CIRP commenced on 03.04.2024.
Mr. Sachin Gopal Jathar was initially appointed as the Interim Resolution Professional (IRP).
Mr. Ashish Chhawchharia was appointed as RP, replacing Mr. Sachin Gopal Jathar on 10.06.2024.
The IRP made a public announcement on April 5 & 6, 2024, inviting claims from creditors.
The CoC was constituted on April 25, 2024.
The Corporate Debtor is in the business of real estate development.
Ambuja Housing and Urban Infrastructure Company Limited's resolution plan was approved by the CoC with a 90.61% vote on 10.06.2025.
The SRA submitted Performance Bank Guarantees amounting to INR 10 Crores.
The fair value of Usshar Parcels is Rs. 10,21,204,783/- and the liquidation value is Rs. 8,28,479,765/-.
The resolution plan value is INR 34,00,00,000/-.
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The CIRP of Co…
IRP made Public…
The application is for approval of a resolution plan for Riverbank Developers Private Limited under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016.
CIRP commenced on 03.04.2024.
Mr. Sachin Gopal Jathar was initially appointed as the Interim Resolution Professional (IRP).
Mr. Ashish Chhawchharia was appointed as RP, replacing Mr. Sachin Gopal Jathar on 10.06.2024.
The IRP made a public announcement on April 5 & 6, 2024, inviting claims from creditors.
The CoC was constituted on April 25, 2024.
The Corporate Debtor is in the business of real estate development.
Ambuja Housing and Urban Infrastructure Company Limited's resolution plan was approved by the CoC with a 90.61% vote on 10.06.2025.
The SRA submitted Performance Bank Guarantees amounting to INR 10 Crores.
The fair value of Usshar Parcels is Rs. 10,21,204,783/- and the liquidation value is Rs. 8,28,479,765/-.
The resolution plan value is INR 34,00,00,000/-.
The CIRP of Co…
IRP made Public…