The application was filed by Mr. Dhaval Jitendrakumar Mistry, the Resolution Professional, seeking approval of the Resolution Plan submitted by Bhupendra Shantilal Shah, the Successful Resolution Applicant, for Powerdeal Energy System (India) Private Limited.
The CIRP was initiated on 11.07.2024.
Mr. Dhaval Jitendrakumar Mistry was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The Committee of Creditors (CoC) approved the Resolution Plan submitted by Bhupendra Shantilal Shah with 100% voting share.
The Resolution Plan proposes a total amount of Rs. 73,09,02,581/- payable towards CIRP Cost and all the Creditors.
The Ex-Director of the Corporate Debtor raised objections regarding jurisdiction, validity of mortgage, and inclusion of personal assets in the Resolution Plan.
The Tribunal directed the RP to admit the claim of the Income Tax Department amounting to INR 14,37,51,124/-.
The land owned by the Promoters is mortgaged to IDBI Bank.
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The CIRP o…
IRP made a Public…
The application was filed by Mr. Dhaval Jitendrakumar Mistry, the Resolution Professional, seeking approval of the Resolution Plan submitted by Bhupendra Shantilal Shah, the Successful Resolution Applicant, for Powerdeal Energy System (India) Private Limited.
The CIRP was initiated on 11.07.2024.
Mr. Dhaval Jitendrakumar Mistry was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The Committee of Creditors (CoC) approved the Resolution Plan submitted by Bhupendra Shantilal Shah with 100% voting share.
The Resolution Plan proposes a total amount of Rs. 73,09,02,581/- payable towards CIRP Cost and all the Creditors.
The Ex-Director of the Corporate Debtor raised objections regarding jurisdiction, validity of mortgage, and inclusion of personal assets in the Resolution Plan.
The Tribunal directed the RP to admit the claim of the Income Tax Department amounting to INR 14,37,51,124/-.
The land owned by the Promoters is mortgaged to IDBI Bank.
…The CIRP o…
IRP made a Public…