On 05th March, 2024, Hon'ble NCLT Delhi Bench has initiated Corporate Insolvency Resolution Process (CIRP) and appointed Mr. Devvart Rana, as Interim Resolution Professional (IRP) of M/s Jasmine Buildmart Private Limited. Moratorium U/s 14 of Insolvency and Bankruptcy Code has been declared. Now the affairs, business, management and properties related to the Jasmine Buildmart Private Limited, would be managed by IRP/RP, as per IBC.

 

The IRP shall be collecting claims from creditors and run the insolvency process.

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IRP has been confirmed as RP by NCLT order dated 23.04.2024

 

Powers of the Board of Directors is suspended during CIRP and same is exercised by the IRP/RP.