SAPF Estates Private Limited (the “Corporate Debtor”) was admitted into CIRP under Section 7 of the Insolvency and Bankruptcy Code (IBC) on 28.08.2024. Mr. Vijay P. Lulla was appointed as the Interim Resolution Professional (IRP). In compliance with statutory requirements, the IRP issued a public notice on 02.09.2024 inviting claims from creditors, receiving only a single claim from M/s Invent Assets Securitization and Reconstruction Private Limited, the financial creditor.
Following this, the IRP constituted the Committee of Creditors (CoC), which unanimously appointed Mr. Lulla as the Resolution Professional (RP) during its first meeting on 30.09.2024. While certain key documents were handed over by the erstwhile…