The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Darode Jog Realties Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by ICICI Bank Limited under Section 7 of the IBC.
CIRP was initiated against Darode Jog Realties Private Limited based on an application by ICICI Bank Limited.
Akansha Ashish Rathi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
The CoC approved a resolution plan submitted by Mr. Sudhir Chandrakant Darode with a 98.11% majority.
The resolution plan involves a total resolution amount of Rs. 12,29,39,140/-.
The RP filed applications seeking extensions of the CIRP period due to various reasons, including pending appeals and delays in the resolution process.
A transaction audit was conducted, and an application was filed regarding preferential transactions, which was later withdrawn.
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The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Darode Jog Realties Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by ICICI Bank Limited under Section 7 of the IBC.
CIRP was initiated against Darode Jog Realties Private Limited based on an application by ICICI Bank Limited.
Akansha Ashish Rathi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
The CoC approved a resolution plan submitted by Mr. Sudhir Chandrakant Darode with a 98.11% majority.
The resolution plan involves a total resolution amount of Rs. 12,29,39,140/-.
The RP filed applications seeking extensions of the CIRP period due to various reasons, including pending appeals and delays in the resolution process.
A transaction audit was conducted, and an application was filed regarding preferential transactions, which was later withdrawn.
…Order date fo…
Public announ…