Kotak Mahindra Bank initiated CIRP against Multiple Hotels Private Limited under Section 7 of IBC. An application was filed by KCGP Developers Private Limited, a prospective resolution applicant (PRA), seeking directions for the respondents to share full particulars of the assets, property, and stocks of the Corporate Debtor and to allow the applicant to submit the Resolution Plan.
Kotak Mahindra Bank initiated CIRP against Multiple Hotels Private Limited.
KCGP Developers Private Limited filed an application seeking directions for respondents to share asset details and allow submission of a resolution plan.
KCGP Developers claimed discrepancies in the Information Memorandum regarding road access to the Corporate Debtor's site.
KCGP Developers alleged the RP unlawfully included another PRA after declaring them as the sole PRA.
The RP contended KCGP Developers defaulted repeatedly despite extensions.
The RP argued the Information Memorandum was prepared as per regulations, and due diligence was the responsibility of the PRA.
The CoC approved a resolution plan submitted by Ms. Aditi Sinha.
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Kotak Mahindra Bank initiated CIRP against Multiple Hotels Private Limited under Section 7 of IBC. An application was filed by KCGP Developers Private Limited, a prospective resolution applicant (PRA), seeking directions for the respondents to share full particulars of the assets, property, and stocks of the Corporate Debtor and to allow the applicant to submit the Resolution Plan.
Kotak Mahindra Bank initiated CIRP against Multiple Hotels Private Limited.
KCGP Developers Private Limited filed an application seeking directions for respondents to share asset details and allow submission of a resolution plan.
KCGP Developers claimed discrepancies in the Information Memorandum regarding road access to the Corporate Debtor's site.
KCGP Developers alleged the RP unlawfully included another PRA after declaring them as the sole PRA.
The RP contended KCGP Developers defaulted repeatedly despite extensions.
The RP argued the Information Memorandum was prepared as per regulations, and due diligence was the responsibility of the PRA.
The CoC approved a resolution plan submitted by Ms. Aditi Sinha.
…NCLT passed an order…
The IRP made a public announcement under…