A Section 7 petition was filed by Suraksha Asset Reconstruction Ltd. against Sapphire Land Development Private Limited, which was admitted on 30.04.2021, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Ankur Kumar was initially appointed as the Interim Resolution Professional (IRP), and subsequently, Mr. Snehal Kamdar was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted with Suraksha Asset Reconstruction Ltd. (51.04% voting share) and Unity Small Finance Bank Limited (48.96% voting share). The CIRP period of 180 days expired on 06.11.2021 without any extension being sought or approved. No resolution plan was received by the Adjudicating Authority, and various CoC meetings failed to approve the
…A Petition under Section 7 of the Code was filed by Suraksha Asset Reconstruction Limited against Sapphire Land Development Private Limited.
The Section 7 petition was admitted on 30.04.2021, initiating the Corporate Insolvency Resolution Process (CIRP) against Sapphire Land Development Private Limited.
Mr. Ankur Kumar was initially appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
Mr. Snehal Kamdar was subsequently appointed as the Resolution Professional (RP) vide order dated 01.06.2023.
The Committee of Creditors (CoC) was constituted with Suraksha Asset Reconstruction Limited (51.04% voting share) and Unity Small Finance Bank Limited (48.96% voting share).
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Section 7 petition filed by Suraksha Asset…
The IRP published 'Form A' (Public…
A Section 7 petition was filed by Suraksha Asset Reconstruction Ltd. against Sapphire Land Development Private Limited, which was admitted on 30.04.2021, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Ankur Kumar was initially appointed as the Interim Resolution Professional (IRP), and subsequently, Mr. Snehal Kamdar was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted with Suraksha Asset Reconstruction Ltd. (51.04% voting share) and Unity Small Finance Bank Limited (48.96% voting share). The CIRP period of 180 days expired on 06.11.2021 without any extension being sought or approved. No resolution plan was received by the Adjudicating Authority, and various CoC meetings failed to approve the
…A Petition under Section 7 of the Code was filed by Suraksha Asset Reconstruction Limited against Sapphire Land Development Private Limited.
The Section 7 petition was admitted on 30.04.2021, initiating the Corporate Insolvency Resolution Process (CIRP) against Sapphire Land Development Private Limited.
Mr. Ankur Kumar was initially appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
Mr. Snehal Kamdar was subsequently appointed as the Resolution Professional (RP) vide order dated 01.06.2023.
The Committee of Creditors (CoC) was constituted with Suraksha Asset Reconstruction Limited (51.04% voting share) and Unity Small Finance Bank Limited (48.96% voting share).
…Section 7 petition filed by Suraksha Asset…
The IRP published 'Form A' (Public…