HDFC Bank Limited filed CP (IB) No. 499/ND/2023 seeking initiation of CIRP against Mountain Meadow Holidays Pvt. Ltd. The Corporate Debtor was admitted to CIRP on 30.11.2023. Mr. Umesh Gupta was appointed as IRP and subsequently as RP. The RP invited claims from creditors and constituted the Committee of Creditors (CoC).
HDFC Bank Limited initiated CIRP against Mountain Meadow Holidays Pvt. Ltd.
The Corporate Debtor was admitted to CIRP on 30.11.2023.
Mr. Umesh Gupta was appointed as IRP and subsequently as RP.
The RP constituted the Committee of Creditors (CoC).
The CoC approved the resolution plan submitted by Ms. Mona Vij with 100% voting share.
The RP filed IA No. 68/2024 seeking approval of the resolution plan.
The fair value of the Corporate Debtor is Rs. 13,39,12,000/- and the liquidation value is Rs. 9,36,74,000/-.
The Resolution Applicant has proposed Rs. 45,00,000/- for CIRP Cost.
The secured financial creditors would be paid a sum of Rs.11,22,00,000/- against the admitted claim of about Rs.1,10,04,16,000/-.
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HDFC Bank Limited filed CP (IB) No. 499/ND/2023 seeking initiation of CIRP against Mountain Meadow Holidays Pvt. Ltd. The Corporate Debtor was admitted to CIRP on 30.11.2023. Mr. Umesh Gupta was appointed as IRP and subsequently as RP. The RP invited claims from creditors and constituted the Committee of Creditors (CoC).
HDFC Bank Limited initiated CIRP against Mountain Meadow Holidays Pvt. Ltd.
The Corporate Debtor was admitted to CIRP on 30.11.2023.
Mr. Umesh Gupta was appointed as IRP and subsequently as RP.
The RP constituted the Committee of Creditors (CoC).
The CoC approved the resolution plan submitted by Ms. Mona Vij with 100% voting share.
The RP filed IA No. 68/2024 seeking approval of the resolution plan.
The fair value of the Corporate Debtor is Rs. 13,39,12,000/- and the liquidation value is Rs. 9,36,74,000/-.
The Resolution Applicant has proposed Rs. 45,00,000/- for CIRP Cost.
The secured financial creditors would be paid a sum of Rs.11,22,00,000/- against the admitted claim of about Rs.1,10,04,16,000/-.
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Public Announc…