The case pertains to the approval of a resolution plan for Reliance Innoventures Private Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The resolution plan was submitted by Sagacious Capital Private Limited.
CIRP was initiated against Reliance Innoventures Private Limited on 15.06.2023.
Bhrugesh Amin was appointed as the Interim Resolution Professional (IRP).
Public announcement was made on 17.06.2023, inviting creditors to submit their claims.
Harish Kant Kaushik was appointed as the Resolution Professional (RP) on 22.08.2023.
Sagacious Capital Private Limited submitted a resolution plan, which was approved by the CoC with 100% voting share on 13.07.2024.
The resolution plan was initially remanded to the CoC for reconsideration on 03.06.2025, but this order was set aside by the NCLAT on 29.07.2025.
The outstanding CIRP cost as on 28.10.2025 is ₹4,35,32,607.
The total resolution plan amount is ₹110.10 Crores.
An amount of ₹1 Crore was deposited as Earnest Money Deposit.
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CIRP initiated against…
Public announcement…
The case pertains to the approval of a resolution plan for Reliance Innoventures Private Limited, a corporate debtor undergoing Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The resolution plan was submitted by Sagacious Capital Private Limited.
CIRP was initiated against Reliance Innoventures Private Limited on 15.06.2023.
Bhrugesh Amin was appointed as the Interim Resolution Professional (IRP).
Public announcement was made on 17.06.2023, inviting creditors to submit their claims.
Harish Kant Kaushik was appointed as the Resolution Professional (RP) on 22.08.2023.
Sagacious Capital Private Limited submitted a resolution plan, which was approved by the CoC with 100% voting share on 13.07.2024.
The resolution plan was initially remanded to the CoC for reconsideration on 03.06.2025, but this order was set aside by the NCLAT on 29.07.2025.
The outstanding CIRP cost as on 28.10.2025 is ₹4,35,32,607.
The total resolution plan amount is ₹110.10 Crores.
An amount of ₹1 Crore was deposited as Earnest Money Deposit.
…CIRP initiated against…
Public announcement…