The case pertains to I.A. (PLAN) NO. 79 OF 2025 in CP (IB) NO. 1121 OF 2022 filed by the Resolution Professional, Mr. Anurag Kumar Sinha, seeking approval of the Resolution Plan submitted by Mr. Bharat Arvind Kulkarni for M/s. Universal Construction Machinery & Equipment Limited, the Corporate Debtor, under Section 30 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) of M/s. Universal Construction Machinery & Equipment Limited was initiated on 13.03.2024 under Section 9 of the Code.
Mr. Anurag Kumar Sinha was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted comprising of Operational Creditors, as no claim was received from any Financial Creditor.
The CoC approved the appointment of valuers and invited Expression of Interests (EOIs) from Prospective Resolution Applicants (PRAs).
Mr. Bharat Arvind Kulkarni submitted a Resolution Plan, which was approved by the CoC with 100% voting share.
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Corporate Insolvency…
Public Announcement in…
The case pertains to I.A. (PLAN) NO. 79 OF 2025 in CP (IB) NO. 1121 OF 2022 filed by the Resolution Professional, Mr. Anurag Kumar Sinha, seeking approval of the Resolution Plan submitted by Mr. Bharat Arvind Kulkarni for M/s. Universal Construction Machinery & Equipment Limited, the Corporate Debtor, under Section 30 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) of M/s. Universal Construction Machinery & Equipment Limited was initiated on 13.03.2024 under Section 9 of the Code.
Mr. Anurag Kumar Sinha was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted comprising of Operational Creditors, as no claim was received from any Financial Creditor.
The CoC approved the appointment of valuers and invited Expression of Interests (EOIs) from Prospective Resolution Applicants (PRAs).
Mr. Bharat Arvind Kulkarni submitted a Resolution Plan, which was approved by the CoC with 100% voting share.
…Corporate Insolvency…
Public Announcement in…