The appeal was filed by a Prospective Resolution Applicant (PRA) challenging an order of the Adjudicating Authority (NCLT-V, Mumbai) that dismissed its application for rejection of a resolution plan submitted by the third respondent/SRA.
CIRP proceedings were initiated against Megi Agro Chem Ltd.
The first respondent was appointed as the Resolution Professional.
The resolution process progressed to the stage of invitation of Expression of Interest (Eol) through Form G.
The RP issued Form-G at least thrice because the first two attempts at the insolvency resolution process were not successful.
The appellant submitted its EOI in the first two occasions but failed to submit any resolution plans.
The RP proceeded to issue a Form G for the 3rd time with the leave of the Adjudicating Authority.
The appellant submitted its Eol for a third time, and the RP released its final list of PRAs, in which both the appellant and the 3rd respondent figured.
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Date of the judgement…
Date of the order passed by the Adjudicating…
The appeal was filed by a Prospective Resolution Applicant (PRA) challenging an order of the Adjudicating Authority (NCLT-V, Mumbai) that dismissed its application for rejection of a resolution plan submitted by the third respondent/SRA.
CIRP proceedings were initiated against Megi Agro Chem Ltd.
The first respondent was appointed as the Resolution Professional.
The resolution process progressed to the stage of invitation of Expression of Interest (Eol) through Form G.
The RP issued Form-G at least thrice because the first two attempts at the insolvency resolution process were not successful.
The appellant submitted its EOI in the first two occasions but failed to submit any resolution plans.
The RP proceeded to issue a Form G for the 3rd time with the leave of the Adjudicating Authority.
The appellant submitted its Eol for a third time, and the RP released its final list of PRAs, in which both the appellant and the 3rd respondent figured.
…Date of the judgement…
Date of the order passed by the Adjudicating…