The Corporate Debtor, Manomay Ventures Private Limited (formerly Omkar Ventures Private Limited), was admitted to CIRP on 28th October 2024. Mr. Manish Motilal Jaju was initially appointed as IRP and later confirmed as Resolution Professional. The CIRP period experienced a stay by NCLAT for 366 days, which was subsequently excluded. The Committee of Creditors (CoC) approved two extensions for the CIRP, totaling 150 days. Subsequently, Mr. Atul Tansukhlal Mehta replaced Mr. Manish Jaju as the Resolution Professional. The current application was filed by Mr. Atul Tansukhlal Mehta, seeking a further 90-day extension of the CIRP period and moratorium.
The Corporate Debtor, Manomay Ventures Private Limited (formerly Omkar Ventures Private Limited), was admitted to CIRP by the Tribunal on 28th October 2024.
Mr. Manish Motilal Jaju was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP).
The CIRP process was stayed by the Hon'ble NCLAT from 7th November 2024 to 8th October 2025, a period of 366 days.
The Tribunal, vide order dated 31st October 2025 in IA (IBC) No. 4888 of 2025, excluded the 366-day stay period from the computation of the CIRP period.
At the 5th CoC Meeting on 9th March 2026, the CoC resolved with 99.49% voting share to seek a first extension of 90 days (29th March 2026 to 26th June 2026).
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The Corporate Debtor, Manomay Ventures Private…
The CIRP process…
The Corporate Debtor, Manomay Ventures Private Limited (formerly Omkar Ventures Private Limited), was admitted to CIRP on 28th October 2024. Mr. Manish Motilal Jaju was initially appointed as IRP and later confirmed as Resolution Professional. The CIRP period experienced a stay by NCLAT for 366 days, which was subsequently excluded. The Committee of Creditors (CoC) approved two extensions for the CIRP, totaling 150 days. Subsequently, Mr. Atul Tansukhlal Mehta replaced Mr. Manish Jaju as the Resolution Professional. The current application was filed by Mr. Atul Tansukhlal Mehta, seeking a further 90-day extension of the CIRP period and moratorium.
The Corporate Debtor, Manomay Ventures Private Limited (formerly Omkar Ventures Private Limited), was admitted to CIRP by the Tribunal on 28th October 2024.
Mr. Manish Motilal Jaju was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP).
The CIRP process was stayed by the Hon'ble NCLAT from 7th November 2024 to 8th October 2025, a period of 366 days.
The Tribunal, vide order dated 31st October 2025 in IA (IBC) No. 4888 of 2025, excluded the 366-day stay period from the computation of the CIRP period.
At the 5th CoC Meeting on 9th March 2026, the CoC resolved with 99.49% voting share to seek a first extension of 90 days (29th March 2026 to 26th June 2026).
…The Corporate Debtor, Manomay Ventures Private…
The CIRP process…