The case involves a Company Appeal against an order passed by the NCLT, Hyderabad, regarding an Interlocutory Application (IA) filed in a Corporate Insolvency Resolution Process (CIRP). The appellant, a prospective resolution applicant (PRA), challenged the rejection of their IA seeking revision of the Information Memorandum (IM).
The Corporate Debtor, M/s. Manjeera Retail Holdings Private Limited, was admitted into CIRP proceedings on 18.07.2023.
Boorugu Infra Projects Private Limited submitted an Expression of Interest (EoI) on 22.10.2023 and was shortlisted as a Prospective Resolution Applicant (PRA).
Boorugu Infra Projects Private Limited failed to submit a Resolution Plan within the stipulated deadline.
Lulu International Shopping Malls Private Limited submitted a Resolution Plan that was approved by the Committee of Creditors (CoC) on 22.03.2024.
The Appellant filed IA (IBC) / 439 / 2025 seeking revision of the Information Memorandum (IM), which was rejected by the NCLT.
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Corporate Debtor…
Boorugu Infra Projects…
The case involves a Company Appeal against an order passed by the NCLT, Hyderabad, regarding an Interlocutory Application (IA) filed in a Corporate Insolvency Resolution Process (CIRP). The appellant, a prospective resolution applicant (PRA), challenged the rejection of their IA seeking revision of the Information Memorandum (IM).
The Corporate Debtor, M/s. Manjeera Retail Holdings Private Limited, was admitted into CIRP proceedings on 18.07.2023.
Boorugu Infra Projects Private Limited submitted an Expression of Interest (EoI) on 22.10.2023 and was shortlisted as a Prospective Resolution Applicant (PRA).
Boorugu Infra Projects Private Limited failed to submit a Resolution Plan within the stipulated deadline.
Lulu International Shopping Malls Private Limited submitted a Resolution Plan that was approved by the Committee of Creditors (CoC) on 22.03.2024.
The Appellant filed IA (IBC) / 439 / 2025 seeking revision of the Information Memorandum (IM), which was rejected by the NCLT.
…Corporate Debtor…
Boorugu Infra Projects…