TRISHUL DREAM HOMES LIMITED

TRISHUL DREAM HOMES LIMITED

Trishul Dream Homes Limited is a Public Company incorporated on 15.03.007. It is classified as Non-govt Company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 4,000,000 and its paid-up capital is Rs. 2,499,220. It is involved in Real estate activities with own or leased property which includes buying, selling, renting and operating of self-owned or leased real estate such as apartment building and dwellings, non-residential buildings, developing and sub-dividing real estate into lots etc.
The registered office of the company is located at Post-Kheri Kalan, Sector-84, near Apeejay School, Faridabad, Haryana- 121002.

Event leading to initiation of CIRP

The Company availed financial assistance from M/s Capriso Finance Ltd. and Siri In Fin Lease Pvt. Ltd. in the year 2018. The company failed to repay the amount to the aforementioned creditors.

Eventually, Capriso Finance Ltd. and Siri In Fin Lease Pvt. Ltd. filed an application against Trishul Dream Homes Ltd. before the Hon’ble National Company Law Tribunal (“NCLT”), Chandigarh Bench under Section 7 of the Insolvency and Bankruptcy Code, 2016 which was admitted on 16.06.2023. The Hon’ble NCLT appointed Mr. Ajay Kumar Agarwal as the Interim Resolution Professional (“IRP”) in the matter vide its order dated 16.06.2023.

Thereafter, Mr. Jalesh Kumar Grover was appointed as the Resolution Professional (“RP”) by majority of members of the Committee of Creditors (“COC”) of Trishul Dream Homes Limited in accordance with Section 22 (3) of the Insolvency and Bankruptcy Code, 2016. His appointment was further approved by the Hon’ble NCLT vide order dated 18.08.2023.