The case involves the Corporate Insolvency Resolution Process (CIRP) of Acme Realties Private Limited. The resolution professional (RP) filed an application (I.A. No. 27/2025) seeking approval of the resolution plan submitted by Mantra Properties & Developers Private Limited, which was approved by the Committee of Creditors (CoC) with 100% voting share. Several Interlocutory Applications (IAs) were filed objecting to the resolution plan, primarily by Majaswadi Sarvodayanagar Co-operative Housing Society Limited.
Acme Realties Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by homebuyers.
The Committee of Creditors (CoC) approved a resolution plan submitted by Mantra Properties & Developers Private Limited with 100% votes.
Majaswadi Sarvodayanagar Co-operative Housing Society Limited filed multiple Interlocutory Applications (IAs) objecting to the resolution plan.
A settlement deed was executed between the SRA (Mantra Properties) and Majaswadi Society to resolve their disputes.
The resolution plan includes provisions for financial creditors, operational creditors, and homebuyers, with specific timelines and payment terms.
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Tribunal admitted the Corporate Debtor to…
IRP made a public…
The case involves the Corporate Insolvency Resolution Process (CIRP) of Acme Realties Private Limited. The resolution professional (RP) filed an application (I.A. No. 27/2025) seeking approval of the resolution plan submitted by Mantra Properties & Developers Private Limited, which was approved by the Committee of Creditors (CoC) with 100% voting share. Several Interlocutory Applications (IAs) were filed objecting to the resolution plan, primarily by Majaswadi Sarvodayanagar Co-operative Housing Society Limited.
Acme Realties Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by homebuyers.
The Committee of Creditors (CoC) approved a resolution plan submitted by Mantra Properties & Developers Private Limited with 100% votes.
Majaswadi Sarvodayanagar Co-operative Housing Society Limited filed multiple Interlocutory Applications (IAs) objecting to the resolution plan.
A settlement deed was executed between the SRA (Mantra Properties) and Majaswadi Society to resolve their disputes.
The resolution plan includes provisions for financial creditors, operational creditors, and homebuyers, with specific timelines and payment terms.
…Tribunal admitted the Corporate Debtor to…
IRP made a public…