These appeals challenge the order dated 24.11.2023 passed by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench, Prayagraj) in I.A. No. 243 of 2023 filed by the Resolution Professional for approval of the Resolution Plan and I.A. No. 434 of 2023 filed by the Suspended Director of the Corporate Debtor praying for dismissal of I.A. No. 243 of 2023. The Committee of Creditors (CoC) filed Company Appeal (AT) (Ins.) No.1637 of 2023 and Company Appeal (AT) (Ins.) No.1642 of 2023, while the Successful Resolution Applicant Dalmia Bharat Sugar and Industries Limited challenged the orders by filing Company Appeal (AT) (Ins.) No.1640 of 2023 and Company Appeal (AT) (Ins.) No.1641 of 2023. The Resolution Professional Mr. Vivek Raheja filed Company Appeal
…The case involves a challenge to an order passed by the Adjudicating Authority (National Company Law Tribunal) approving a resolution plan for Baghauli Sugar & Distillery Ltd. but directing the Resolution Professional (RP) and Committee of Creditors (CoC) to seek clarification from the Supreme Court regarding an earlier order dated 21.11.2013. Bank of Baroda initiated the CIRP under Section 7 of the IBC, which was admitted on 07.02.2020. The Suspended Director of the Corporate Debtor filed I.A. No. 161 of 2020 challenging the issuance of Form-G. The CoC decided to issue Form-G on 06.08.2020. The Adjudicating Authority granted an opportunity to the Suspended Board of Director to give a onetime settlement proposal to the Committee of Creditors. The Resolution Plan
…Sign in to view the parties.
Adjudicating Authority…
CoC decided t…
Sign in to view related legal provisions.
These appeals challenge the order dated 24.11.2023 passed by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench, Prayagraj) in I.A. No. 243 of 2023 filed by the Resolution Professional for approval of the Resolution Plan and I.A. No. 434 of 2023 filed by the Suspended Director of the Corporate Debtor praying for dismissal of I.A. No. 243 of 2023. The Committee of Creditors (CoC) filed Company Appeal (AT) (Ins.) No.1637 of 2023 and Company Appeal (AT) (Ins.) No.1642 of 2023, while the Successful Resolution Applicant Dalmia Bharat Sugar and Industries Limited challenged the orders by filing Company Appeal (AT) (Ins.) No.1640 of 2023 and Company Appeal (AT) (Ins.) No.1641 of 2023. The Resolution Professional Mr. Vivek Raheja filed Company Appeal
…The case involves a challenge to an order passed by the Adjudicating Authority (National Company Law Tribunal) approving a resolution plan for Baghauli Sugar & Distillery Ltd. but directing the Resolution Professional (RP) and Committee of Creditors (CoC) to seek clarification from the Supreme Court regarding an earlier order dated 21.11.2013. Bank of Baroda initiated the CIRP under Section 7 of the IBC, which was admitted on 07.02.2020. The Suspended Director of the Corporate Debtor filed I.A. No. 161 of 2020 challenging the issuance of Form-G. The CoC decided to issue Form-G on 06.08.2020. The Adjudicating Authority granted an opportunity to the Suspended Board of Director to give a onetime settlement proposal to the Committee of Creditors. The Resolution Plan
…Adjudicating Authority…
CoC decided t…
Sign in to view related legal provisions.