An interlocutory application (I.A. No. 5068 of 2024) was filed by the Interim Resolution Professional (IRP) of Kakade Estate Developers Private Limited, seeking approval of a settlement agreement and withdrawal of insolvency proceedings initiated against the Corporate Debtor.
The interlocutory application was filed on 16.10.2024 by Mr. Jayesh Sanghrajka, the Interim Resolution Professional of Kakade Estate Developers Private Limited.
The application sought approval of a settlement agreement dated 31.08.2024 and its addendum dated 09.01.2025.
The original company petition (C.P. (IB) No. 747 of 2022) was filed by Edward Mauritius Limited and HDFC Bank Limited, the original financial creditors, under Section 7 of the IBC, 2016.
The Tribunal admitted the company petition on 29.03.2023, initiating the CIRP against the Corporate Debtor.
The promoter of the Corporate Debtor, Mr. Sanjay Kakade, made an offer to the CoC members in February 2024, which was accepted.
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Tribunal admitted the company petition,…
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An interlocutory application (I.A. No. 5068 of 2024) was filed by the Interim Resolution Professional (IRP) of Kakade Estate Developers Private Limited, seeking approval of a settlement agreement and withdrawal of insolvency proceedings initiated against the Corporate Debtor.
The interlocutory application was filed on 16.10.2024 by Mr. Jayesh Sanghrajka, the Interim Resolution Professional of Kakade Estate Developers Private Limited.
The application sought approval of a settlement agreement dated 31.08.2024 and its addendum dated 09.01.2025.
The original company petition (C.P. (IB) No. 747 of 2022) was filed by Edward Mauritius Limited and HDFC Bank Limited, the original financial creditors, under Section 7 of the IBC, 2016.
The Tribunal admitted the company petition on 29.03.2023, initiating the CIRP against the Corporate Debtor.
The promoter of the Corporate Debtor, Mr. Sanjay Kakade, made an offer to the CoC members in February 2024, which was accepted.
…Tribunal admitted the company petition,…
Parties entere…