Legal2 May 2026, 05:11 pm
Ambition Mica: Resolution Plan Approved, Monitoring Committee Formed
AI Summary
The Adjudicating Authority approved the Resolution Plan for Ambition Mica Ltd, leading to the formation of a monitoring committee to oversee its implementation. The filing references a case involving Gautam Deswal, the Erstwhile Resolution Professional and Chairman of the Monitoring Committee, versus Devenkumar Rameshbhai Patel, the Successful Resolution Applicant. A transaction of ₹1000 was processed through Punjab National Bank, with transaction ID 0103310215832026 on 11-04-2026.
Key Highlights
- Resolution Plan approved by Adjudicating Authority for Ambition Mica Ltd.
- Monitoring committee formed to oversee implementation of resolution plan.
- Gautam Deswal is the Erstwhile Resolution Professional and Chairman of the Monitoring Committee.
- Transaction of ₹1000 processed through Punjab National Bank.