The Corporate Insolvency Resolution Process (CIRP) was initiated against Nirmal Lifestyle (Mulund) Private Limited (Corporate Debtor) following an application filed by Beacon Trusteeship Limited, a secured financial creditor. Mr. Amit Vijay Karia was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted, comprising Beacon Trusteeship Limited (60.54% voting share) and Assets Care & Reconstruction Enterprise Limited (ACRE) (39.46% voting share). Several interlocutory applications (IAs) were filed by various stakeholders: homebuyers challenged the CIRP and sought information (IA/666/2025, IA/798/2025, IA/823/2025); Mr. Dharmesh Jain and M/s Nirmal
…Nirmal Lifestyle (Mulund) Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 11.07.2023, based on an application by Beacon Trusteeship Limited under Section 7 of the IBC.
Mr. Amit Vijay Karia was appointed Interim Resolution Professional (IRP) on 11.07.2023 and later confirmed as Resolution Professional (RP) on 19.08.2023.
The Committee of Creditors (CoC) consisted of Beacon Trusteeship Limited (secured financial creditor with 60.54% voting share) and Assets Care & Reconstruction Enterprise Limited (ACRE) (unsecured financial creditor with 39.46% voting share).
…Sign in to view the parties.
The Corporate Debtor, Nirmal Lifestyle (Mulund)…
The Corporate Debtor became a partner in M/s…
Sign in to view related legal provisions.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Nirmal Lifestyle (Mulund) Private Limited (Corporate Debtor) following an application filed by Beacon Trusteeship Limited, a secured financial creditor. Mr. Amit Vijay Karia was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted, comprising Beacon Trusteeship Limited (60.54% voting share) and Assets Care & Reconstruction Enterprise Limited (ACRE) (39.46% voting share). Several interlocutory applications (IAs) were filed by various stakeholders: homebuyers challenged the CIRP and sought information (IA/666/2025, IA/798/2025, IA/823/2025); Mr. Dharmesh Jain and M/s Nirmal
…Nirmal Lifestyle (Mulund) Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 11.07.2023, based on an application by Beacon Trusteeship Limited under Section 7 of the IBC.
Mr. Amit Vijay Karia was appointed Interim Resolution Professional (IRP) on 11.07.2023 and later confirmed as Resolution Professional (RP) on 19.08.2023.
The Committee of Creditors (CoC) consisted of Beacon Trusteeship Limited (secured financial creditor with 60.54% voting share) and Assets Care & Reconstruction Enterprise Limited (ACRE) (unsecured financial creditor with 39.46% voting share).
…The Corporate Debtor, Nirmal Lifestyle (Mulund)…
The Corporate Debtor became a partner in M/s…
Sign in to view related legal provisions.