The Resolution Professional of Nirmal Lifestyle (Kalyan) Private Limited filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan submitted by a consortium of Mr. Dharmesh Jain, Prakruti Nirman Development Private Limited (PNDPL), Right Choice Housing Private Limited (RCHPL) and Nirmal Events 2 Excellence Private Limited (NEEPL).
The Corporate Debtor is a private company engaged in the construction of residential and commercial projects and integrated townships.
The Corporate Debtor has registered 30 buildings under the project name 'Lifestyle City- Kalyan' with MAHA RERA.
The Tribunal admitted the Company Petition and initiated CIRP on June 16, 2022, appointing Mr. Dilip Kumar Natvarlal Jagad as the Interim Resolution Professional (IRP).
The IRP constituted the CoC on 09.01.2023, and the first meeting proposed the replacement of IRP with the Applicant as RP with 100% voting.
The Resolution Plan was approved by 89.2% of the voting share of the members of the Committee of Creditors (CoC).
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Tribunal admitted the Company Petition and…
The Admission Order was…
The Resolution Professional of Nirmal Lifestyle (Kalyan) Private Limited filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a Resolution Plan submitted by a consortium of Mr. Dharmesh Jain, Prakruti Nirman Development Private Limited (PNDPL), Right Choice Housing Private Limited (RCHPL) and Nirmal Events 2 Excellence Private Limited (NEEPL).
The Corporate Debtor is a private company engaged in the construction of residential and commercial projects and integrated townships.
The Corporate Debtor has registered 30 buildings under the project name 'Lifestyle City- Kalyan' with MAHA RERA.
The Tribunal admitted the Company Petition and initiated CIRP on June 16, 2022, appointing Mr. Dilip Kumar Natvarlal Jagad as the Interim Resolution Professional (IRP).
The IRP constituted the CoC on 09.01.2023, and the first meeting proposed the replacement of IRP with the Applicant as RP with 100% voting.
The Resolution Plan was approved by 89.2% of the voting share of the members of the Committee of Creditors (CoC).
…Tribunal admitted the Company Petition and…
The Admission Order was…