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Supertech Ltd Eco Village-II Project CIRP

Sector: Commercial • Location: India

Source: ETLegalWorld.com

Project
Insolvency Proceedings Ongoing With Suspension Of Insolvency Professional

The corporate insolvency resolution process (CIRP) of Supertech Ltd, particularly its Eco Village-II project, involved procedural and disclosure lapses by the insolvency professional Hitesh Goel. The process included preparation and disclosure of the Information Memorandum (IM) for prospective resolution applicants, which was found incomplete and non-transparent. The insolvency proceedings were in

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The project “Supertech Ltd Eco Village-II Project CIRP” is an infrastructure initiative in the Commercial sector, located in India. Taiyo aggregates data on it from ETLegalWorld.com.

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Participants

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Status

Original status

insolvency proceedings ongoing with suspension of insolvency professional

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Description

Description

The corporate insolvency resolution process (CIRP) of Supertech Ltd, particularly its Eco Village-II project, involved procedural and disclosure lapses by the insolvency professional Hitesh Goel. The process included preparation and disclosure of the Information Memorandum (IM) for prospective resolution applicants, which was found incomplete and non-transparent. The insolvency proceedings were initiated following a petition by Union Bank of India in March 2022, with project-wise resolution allowed as a test process by NCLAT.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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