Central Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against M/s Worlds Window Exim Pvt. Ltd. (Corporate Debtor - CD) due to a default of Rs. 175,96,47,674/- as on 22.03.2024. The CD was incorporated as an asset holding company, not operative in sales and purchase of goods. A Resolution Plan was submitted by Dickey Special Situation Investment Trust, offering Rs. 7 Crores (INR 7,00,00,000) as upfront payment against total admitted financial creditor claims of INR 9,93,37,13,006. The Fair Value of the CD was Rs. 21,30,53,919/- and its Liquidation Value was Rs. 9,42,25,758/-. Punjab National Bank, a secured financial creditor, dissented from the Resolution Plan.
The captioned petition was preferred by the RP seeking approval of the Resolution Plan for M/s Worlds Window Exim Pvt. Ltd.
Central Bank of India initiated CIRP against the Corporate Debtor (CD) alleging default in repayment of Rs. 175,96,47,674/- as on 22.03.2024.
The CIRP commenced upon admission of IB-108/PB/2025.
Dickey Special Situation Investment Trust, through its investment Manager Dickey Asset Management Private Limited, submitted the Resolution Plan and emerged successful (SRA).
The CD, Worlds Window Exim Private Limited (WWEPL), was incorporated on 19.01.2006.
The business of the CD was sales and purchase of goods, but it was incorporated as an asset holding company of its group companies and is not operative.
The CD was incorporated only to hold a land bank.
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Worlds Window Exim…
Un-dated Memorandum of Deposit of Title Deeds…
Central Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against M/s Worlds Window Exim Pvt. Ltd. (Corporate Debtor - CD) due to a default of Rs. 175,96,47,674/- as on 22.03.2024. The CD was incorporated as an asset holding company, not operative in sales and purchase of goods. A Resolution Plan was submitted by Dickey Special Situation Investment Trust, offering Rs. 7 Crores (INR 7,00,00,000) as upfront payment against total admitted financial creditor claims of INR 9,93,37,13,006. The Fair Value of the CD was Rs. 21,30,53,919/- and its Liquidation Value was Rs. 9,42,25,758/-. Punjab National Bank, a secured financial creditor, dissented from the Resolution Plan.
The captioned petition was preferred by the RP seeking approval of the Resolution Plan for M/s Worlds Window Exim Pvt. Ltd.
Central Bank of India initiated CIRP against the Corporate Debtor (CD) alleging default in repayment of Rs. 175,96,47,674/- as on 22.03.2024.
The CIRP commenced upon admission of IB-108/PB/2025.
Dickey Special Situation Investment Trust, through its investment Manager Dickey Asset Management Private Limited, submitted the Resolution Plan and emerged successful (SRA).
The CD, Worlds Window Exim Private Limited (WWEPL), was incorporated on 19.01.2006.
The business of the CD was sales and purchase of goods, but it was incorporated as an asset holding company of its group companies and is not operative.
The CD was incorporated only to hold a land bank.
…Worlds Window Exim…
Un-dated Memorandum of Deposit of Title Deeds…