The Corporate Insolvency Resolution Process (CIRP) was initiated against Spenta Enclave Pvt. Ltd. (Corporate Debtor) on March 24, 2023, following an application by Aurum Commercials LLP (Financial Creditor) under Section 7 of the IBC. Mr. Pranav J Damania was initially appointed as the Interim Resolution Professional (IRP) and was later replaced by Mr. Rajesh Jhunjhunwala as the Resolution Professional (RP). A consortium comprising Mr. Aspan Loveji Cooper, Mr. Rajiv Suryakant Shah, and Mr. Surinderkumar Bansilal Sharma emerged as the sole Successful Resolution Applicant (SRA). The Resolution Plan submitted by the SRA was approved by the Committee of Creditors (CoC) with a 91.58% voting share. The plan was initially remanded by the NCLT for clarification regarding its
…The Corporate Insolvency Resolution Process (CIRP) of Spenta Enclave Private Limited (Corporate Debtor) was initiated on March 24, 2023, based on an application filed by Aurum Commercials LLP (Financial Creditor) under Section 7 of the IBC.
Mr. Pranav J Damania was initially appointed as the Interim Resolution Professional (IRP) and made a public announcement in Form A on March 30, 2023.
Mr. Rajesh Jhunjhunwala was appointed as the Resolution Professional (RP) of the Corporate Debtor, replacing the IRP, with a 91.6% majority vote by the Committee of Creditors (CoC) at its 2nd meeting on May 11, 2023.
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Spenta Enclave Private…
The Corporate…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Spenta Enclave Pvt. Ltd. (Corporate Debtor) on March 24, 2023, following an application by Aurum Commercials LLP (Financial Creditor) under Section 7 of the IBC. Mr. Pranav J Damania was initially appointed as the Interim Resolution Professional (IRP) and was later replaced by Mr. Rajesh Jhunjhunwala as the Resolution Professional (RP). A consortium comprising Mr. Aspan Loveji Cooper, Mr. Rajiv Suryakant Shah, and Mr. Surinderkumar Bansilal Sharma emerged as the sole Successful Resolution Applicant (SRA). The Resolution Plan submitted by the SRA was approved by the Committee of Creditors (CoC) with a 91.58% voting share. The plan was initially remanded by the NCLT for clarification regarding its
…The Corporate Insolvency Resolution Process (CIRP) of Spenta Enclave Private Limited (Corporate Debtor) was initiated on March 24, 2023, based on an application filed by Aurum Commercials LLP (Financial Creditor) under Section 7 of the IBC.
Mr. Pranav J Damania was initially appointed as the Interim Resolution Professional (IRP) and made a public announcement in Form A on March 30, 2023.
Mr. Rajesh Jhunjhunwala was appointed as the Resolution Professional (RP) of the Corporate Debtor, replacing the IRP, with a 91.6% majority vote by the Committee of Creditors (CoC) at its 2nd meeting on May 11, 2023.
…Spenta Enclave Private…
The Corporate…