This case involves an application for approval of a resolution plan submitted by Aspect Global Ventures Private Limited for Township Developers India Limited, a corporate debtor, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The application was filed by Truvisory Insolvency Professionals Private Limited, the Resolution Professional, on behalf of the Committee of Creditors (CoC).
Corporate Insolvency Resolution Process (CIRP) was initiated against Township Developers India Limited in C.P. (IB) No. 77/MB/2024, filed by Piramal Capital & Housing Finance Limited.
Mr. Purusottam Behera was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Incorp Restructuring Services LLP (Incorp).
Incorp was subsequently replaced by Truvisory Insolvency Professionals Private Limited as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted and held several meetings to invite and evaluate resolution plans.
Aspect Global Ventures Private Limited submitted a resolution plan that was approved by the CoC with 100% voting share.
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Tribunal initiated Corporate Insolvency…
Mr. Purusottam Behera, the IRP, caused public…
This case involves an application for approval of a resolution plan submitted by Aspect Global Ventures Private Limited for Township Developers India Limited, a corporate debtor, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The application was filed by Truvisory Insolvency Professionals Private Limited, the Resolution Professional, on behalf of the Committee of Creditors (CoC).
Corporate Insolvency Resolution Process (CIRP) was initiated against Township Developers India Limited in C.P. (IB) No. 77/MB/2024, filed by Piramal Capital & Housing Finance Limited.
Mr. Purusottam Behera was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Incorp Restructuring Services LLP (Incorp).
Incorp was subsequently replaced by Truvisory Insolvency Professionals Private Limited as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted and held several meetings to invite and evaluate resolution plans.
Aspect Global Ventures Private Limited submitted a resolution plan that was approved by the CoC with 100% voting share.
…Tribunal initiated Corporate Insolvency…
Mr. Purusottam Behera, the IRP, caused public…