The application is filed by Suman Kumar Verma, the Resolution Professional of M/s Krystal Stone Exports Limited, seeking approval of the Resolution Plan submitted by Sonal Sumit Mehta.
The Corporate Debtor, M/s Krystal Stone Exports Limited, was admitted into CIRP on 03.05.2024.
Suman Kumar Verma is the Resolution Professional for the Corporate Debtor.
The Resolution Plan submitted by Sonal Sumit Mehta was approved by the CoC with 100% voting share on 23.06.2025.
The total resolution plan amount is Rs. 18,81,00,000.
The CIRP period expired on 24.06.2025, but was extended till 09.07.2025.
The CoC comprises a single Financial Creditor, Stressed Assets Stabilization Fund.
The Corporate Debtor is a non-operational entity since 2013.
Multiple Expressions of Interest were issued during the CIRP, but several Prospective Resolution Applicants failed to submit viable plans.
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The case was i…
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The application is filed by Suman Kumar Verma, the Resolution Professional of M/s Krystal Stone Exports Limited, seeking approval of the Resolution Plan submitted by Sonal Sumit Mehta.
The Corporate Debtor, M/s Krystal Stone Exports Limited, was admitted into CIRP on 03.05.2024.
Suman Kumar Verma is the Resolution Professional for the Corporate Debtor.
The Resolution Plan submitted by Sonal Sumit Mehta was approved by the CoC with 100% voting share on 23.06.2025.
The total resolution plan amount is Rs. 18,81,00,000.
The CIRP period expired on 24.06.2025, but was extended till 09.07.2025.
The CoC comprises a single Financial Creditor, Stressed Assets Stabilization Fund.
The Corporate Debtor is a non-operational entity since 2013.
Multiple Expressions of Interest were issued during the CIRP, but several Prospective Resolution Applicants failed to submit viable plans.
…The case was i…
Corporate Debtor was originally admitted into…
Sign in to view related legal provisions.