The case involves an application filed by Kanak Jani, the Resolution Professional of Eagle Electronic (India) Private Limited, seeking approval of a revised resolution plan under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016.
Kanak Jani is the Resolution Professional for Eagle Electronic (India) Private Limited.
The CIRP of Eagle Electronic (India) Private Limited was initiated on 06.03.2024.
Subhlaxmi Investment Advisory Private Limited submitted the revised resolution plan.
The resolution plan was approved by 82.19% of the voting share of the CoC.
The average fair value of the Corporate Debtor was determined as Rs. 25,07,000/-.
The average liquidation value of the Corporate Debtor was determined as Rs. 20,05,500/-.
The SRA has deposited an amount of Rs. 2,87,500/- (5% of the NPV of the Resolution Plan), credited to the Corporate Debtor's CIRP Bank Account on 12.05.2025 towards performance security.
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The CIRP o…
Kanak Jani was…
The case involves an application filed by Kanak Jani, the Resolution Professional of Eagle Electronic (India) Private Limited, seeking approval of a revised resolution plan under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016.
Kanak Jani is the Resolution Professional for Eagle Electronic (India) Private Limited.
The CIRP of Eagle Electronic (India) Private Limited was initiated on 06.03.2024.
Subhlaxmi Investment Advisory Private Limited submitted the revised resolution plan.
The resolution plan was approved by 82.19% of the voting share of the CoC.
The average fair value of the Corporate Debtor was determined as Rs. 25,07,000/-.
The average liquidation value of the Corporate Debtor was determined as Rs. 20,05,500/-.
The SRA has deposited an amount of Rs. 2,87,500/- (5% of the NPV of the Resolution Plan), credited to the Corporate Debtor's CIRP Bank Account on 12.05.2025 towards performance security.
…The CIRP o…
Kanak Jani was…