Canara Bank initiated Corporate Insolvency Resolution Process (CIRP) against Vas Infrastructure Limited, leading to the appointment of Mr. Ashok Kumar Golechha as the Resolution Professional (RP). A Resolution Plan submitted by Authum Investment and Infrastructure Limited was approved by the Committee of Creditors (CoC). The RP then filed an application with the NCLT for the approval of this plan. Subsequently, Brijesh Haridas Nagar Co-op. Hsg Soc. Ltd. and Deepak Amrutlal Desai & Ors. filed intervention applications, objecting to the inclusion of certain land parcels in the Resolution Plan, asserting their ownership over these properties.
Canara Bank filed CP(IB) No. 314/MB/2023 under Section 7 of the Code, leading to the admission of Vas Infrastructure Limited into CIRP on 11.03.2024.
Mr. Ashok Kumar Golechha was appointed Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP) for Vas Infrastructure Limited.
Brijesh Haridas Nagar Co-Op. Housing Society Limited challenged the Admission Order before NCLAT, but the challenge was dismissed on 09.12.2024 due to being barred by limitation.
A Resolution Plan submitted by Authum Investment and Infrastructure Limited was approved by 100% voting share in the 18th CoC meeting held on 27.03.2025.
The RP filed I.A. (I.B.C) (Plan) No.41/MB/2025 seeking approval of Authum's Resolution Plan.
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Haridas Nagar Cooperative Housing Society Ltd.…
VAS Infrastr…
Canara Bank initiated Corporate Insolvency Resolution Process (CIRP) against Vas Infrastructure Limited, leading to the appointment of Mr. Ashok Kumar Golechha as the Resolution Professional (RP). A Resolution Plan submitted by Authum Investment and Infrastructure Limited was approved by the Committee of Creditors (CoC). The RP then filed an application with the NCLT for the approval of this plan. Subsequently, Brijesh Haridas Nagar Co-op. Hsg Soc. Ltd. and Deepak Amrutlal Desai & Ors. filed intervention applications, objecting to the inclusion of certain land parcels in the Resolution Plan, asserting their ownership over these properties.
Canara Bank filed CP(IB) No. 314/MB/2023 under Section 7 of the Code, leading to the admission of Vas Infrastructure Limited into CIRP on 11.03.2024.
Mr. Ashok Kumar Golechha was appointed Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP) for Vas Infrastructure Limited.
Brijesh Haridas Nagar Co-Op. Housing Society Limited challenged the Admission Order before NCLAT, but the challenge was dismissed on 09.12.2024 due to being barred by limitation.
A Resolution Plan submitted by Authum Investment and Infrastructure Limited was approved by 100% voting share in the 18th CoC meeting held on 27.03.2025.
The RP filed I.A. (I.B.C) (Plan) No.41/MB/2025 seeking approval of Authum's Resolution Plan.
…Haridas Nagar Cooperative Housing Society Ltd.…
VAS Infrastr…