The Corporate Insolvency Resolution Process (CIRP) was initiated against Supreme Bungalows Private Limited by SREI Equipment Finance Limited. Anup Kumar Singh was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was constituted, and claims were received. Despite multiple attempts to invite Expressions of Interest (Eol) and Resolution Plans from Prospective Resolution Applicants (PRAs), no resolution plan was received by the extended deadline. A proposal to re-publish Form G for fresh Eols was also not approved by the CoC.
The Corporate Insolvency Resolution Process (CIRP) of Supreme Bungalows Private Limited ('Corporate Debtor') was initiated by the Tribunal vide order dated 14.06.2023 in CP (IB) NO. 227 of 2022 under Section 7 of the Code, filed by SREI Equipment Finance Limited ('Financial Creditor').
Anup Kumar Singh was appointed as the Interim Resolution Professional ('IRP') of the Corporate Debtor.
A Public Announcement in Form A was made on 16.06.2023 to invite claims from the Creditors of the Corporate Debtor.
A Committee of Creditors ('CoC') of the Corporate Debtor was constituted on 07.07.2023, and the report for its constitution was filed on the same date and taken on record on 03.08.2023.
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Corporate Insolvency Resolution Process…
Public Announcement in…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Supreme Bungalows Private Limited by SREI Equipment Finance Limited. Anup Kumar Singh was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was constituted, and claims were received. Despite multiple attempts to invite Expressions of Interest (Eol) and Resolution Plans from Prospective Resolution Applicants (PRAs), no resolution plan was received by the extended deadline. A proposal to re-publish Form G for fresh Eols was also not approved by the CoC.
The Corporate Insolvency Resolution Process (CIRP) of Supreme Bungalows Private Limited ('Corporate Debtor') was initiated by the Tribunal vide order dated 14.06.2023 in CP (IB) NO. 227 of 2022 under Section 7 of the Code, filed by SREI Equipment Finance Limited ('Financial Creditor').
Anup Kumar Singh was appointed as the Interim Resolution Professional ('IRP') of the Corporate Debtor.
A Public Announcement in Form A was made on 16.06.2023 to invite claims from the Creditors of the Corporate Debtor.
A Committee of Creditors ('CoC') of the Corporate Debtor was constituted on 07.07.2023, and the report for its constitution was filed on the same date and taken on record on 03.08.2023.
…Corporate Insolvency Resolution Process…
Public Announcement in…