The case originates from an Interlocutory Application (IA) filed by the Resolution Professional, Mr. Vithal M. Dahake, seeking the initiation of liquidation proceedings against SIGTIA CONSTRUCTIONS PVT. LTD. and four other consolidated Corporate Debtors under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Main Corporate Debtor was admitted into CIRP on 07.02.2025, following a petition initially filed by M/s. Piramal Capital & Housing Finance Ltd., whose debt was subsequently assigned to M/s. Omkara Assets Reconstruction Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) for five Corporate Debtors was consolidated by the NCLT. Despite multiple attempts and extensions, only one Prospective Resolution Applicant submitted a plan, which was

The case originates from an Interlocutory Application (IA) filed by the Resolution Professional, Mr. Vithal M. Dahake, seeking the initiation of liquidation proceedings against SIGTIA CONSTRUCTIONS PVT. LTD. and four other consolidated Corporate Debtors under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Main Corporate Debtor was admitted into CIRP on 07.02.2025, following a petition initially filed by M/s. Piramal Capital & Housing Finance Ltd., whose debt was subsequently assigned to M/s. Omkara Assets Reconstruction Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) for five Corporate Debtors was consolidated by the NCLT. Despite multiple attempts and extensions, only one Prospective Resolution Applicant submitted a plan, which was