State Bank of India (SBI), a secured financial creditor, filed applications challenging Resolution 7 passed by the Committee of Creditors (CoC) regarding the distribution of payments to dissenting financial creditors, and seeking rejection of the Resolution Plan submitted by the Consortium of Authum Investment & Infrastructure Limited & Cosmos Prime Projects Limited. SBI also sought an examination of the Resolution Professional's (RP) conduct and disputed the quantum of performance security and valuation reports. Homebuyers intervened, opposing the rejection of the Resolution Plan and disputing certain valuation reports.
State Bank of India (SBI) filed IA (I.B.C)/480(MB)2026 on 28.01.2026, challenging Resolution 7 passed in the 37th CoC meeting held on 23.12.2025, concerning distribution to dissenting financial creditors.
SBI filed IA (I.B.C)/2536(MB)2026 on 15.06.2026, seeking rejection of the Resolution Plan by the Consortium of Authum Investment & Infrastructure Limited & Cosmos Prime Projects Limited and examination of the Resolution Professional's conduct.
IVN.P. (IBC) 95/2026 was filed on 07.07.2026 by homebuyers of units in RNA Grandeur and RNA Address, seeking to intervene in IA 2536/2026 to oppose the rejection of the Resolution Plan and to disregard certain valuation reports.
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Corporate Insolvency Resolution Process…
Resolution Professional appointed Mr. Kedar…
State Bank of India (SBI), a secured financial creditor, filed applications challenging Resolution 7 passed by the Committee of Creditors (CoC) regarding the distribution of payments to dissenting financial creditors, and seeking rejection of the Resolution Plan submitted by the Consortium of Authum Investment & Infrastructure Limited & Cosmos Prime Projects Limited. SBI also sought an examination of the Resolution Professional's (RP) conduct and disputed the quantum of performance security and valuation reports. Homebuyers intervened, opposing the rejection of the Resolution Plan and disputing certain valuation reports.
State Bank of India (SBI) filed IA (I.B.C)/480(MB)2026 on 28.01.2026, challenging Resolution 7 passed in the 37th CoC meeting held on 23.12.2025, concerning distribution to dissenting financial creditors.
SBI filed IA (I.B.C)/2536(MB)2026 on 15.06.2026, seeking rejection of the Resolution Plan by the Consortium of Authum Investment & Infrastructure Limited & Cosmos Prime Projects Limited and examination of the Resolution Professional's conduct.
IVN.P. (IBC) 95/2026 was filed on 07.07.2026 by homebuyers of units in RNA Grandeur and RNA Address, seeking to intervene in IA 2536/2026 to oppose the rejection of the Resolution Plan and to disregard certain valuation reports.
…Corporate Insolvency Resolution Process…
Resolution Professional appointed Mr. Kedar…