The Corporate Insolvency Resolution Process (CIRP) for M/s Kaved Realty Private Ltd. (Corporate Debtor) was initiated on October 23, 2024, with Mr. Rajkumar Jaiswal appointed as Interim Resolution Professional, later confirmed as Resolution Professional. Despite multiple attempts to solicit resolution plans through public announcements and re-publication of Form G, and the receipt of two resolution plans, no viable plan was approved. A significant issue arose with revenue authorities making mutation entries deleting the Corporate Debtor's name from property records, violating the moratorium under Section 14 of the IBC. The Committee of Creditors (CoC), comprising solely Unity Small Finance Bank Limited, ultimately rejected a resolution for liquidation in its 11th

The Corporate Insolvency Resolution Process (CIRP) for M/s Kaved Realty Private Ltd. (Corporate Debtor) was initiated on October 23, 2024, with Mr. Rajkumar Jaiswal appointed as Interim Resolution Professional, later confirmed as Resolution Professional. Despite multiple attempts to solicit resolution plans through public announcements and re-publication of Form G, and the receipt of two resolution plans, no viable plan was approved. A significant issue arose with revenue authorities making mutation entries deleting the Corporate Debtor's name from property records, violating the moratorium under Section 14 of the IBC. The Committee of Creditors (CoC), comprising solely Unity Small Finance Bank Limited, ultimately rejected a resolution for liquidation in its 11th