The case pertains to an application filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of Neptune Ventures and Developers Private Limited, seeking liquidation of the Corporate Debtor.
Edelweiss Asset Reconstruction Company Limited filed an application under Section 7 of the IBC, leading to the commencement of CIRP against Neptune Ventures and Developers Private Limited on 17.07.2023.
Sandeep Mahajan was appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) was constituted on 16.08.2023.
Various CoC meetings were held, and valuers were appointed.
Two Eols were received from Macrotech Developers Limited and Shree Naman Group.
HDFC Bank filed I.A. No. 5440 of 2023 under Section 60(5) of the Code seeking to quash the resolution to sell units at 'Neptune Mall' as a going concern.
The CIRP period was extended, and a fresh Form G was issued.
Sherisha Technologies Private Limited submitted a Resolution Plan.
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C.P. (IB) 800/…
Corporate Ins…
The case pertains to an application filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of Neptune Ventures and Developers Private Limited, seeking liquidation of the Corporate Debtor.
Edelweiss Asset Reconstruction Company Limited filed an application under Section 7 of the IBC, leading to the commencement of CIRP against Neptune Ventures and Developers Private Limited on 17.07.2023.
Sandeep Mahajan was appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) was constituted on 16.08.2023.
Various CoC meetings were held, and valuers were appointed.
Two Eols were received from Macrotech Developers Limited and Shree Naman Group.
HDFC Bank filed I.A. No. 5440 of 2023 under Section 60(5) of the Code seeking to quash the resolution to sell units at 'Neptune Mall' as a going concern.
The CIRP period was extended, and a fresh Form G was issued.
Sherisha Technologies Private Limited submitted a Resolution Plan.
…C.P. (IB) 800/…
Corporate Ins…