The case involves three appeals related to the acceptance of a Resolution Plan approved for M/s Kridhan Infrastructure Pvt. Ltd. concerning the Corporate Debtor, Tecpro Systems Ltd. The Impugned order approving the Resolution Plan was dated 2019-05-15. During the pendency of these appeals, an application was filed under Section 60(5) read with Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Adjudicating Authority ordered the liquidation of the Corporate Debtor on 2020-01-16.
The core facts are as follows: A Resolution Plan for Tecpro Systems Ltd., proposed by M/s Kridhan Infrastructure Pvt. Ltd., was approved. Appeals were filed against this approval. While these appeals were pending, the Adjudicating Authority ordered the liquidation of Tecpro Systems Ltd. under Section 33(4) of the IBC. The liquidation order was issued on 2020-01-16. The appeals before the NCLAT were then considered in light of this liquidation order. The relevance of the appeals hinges on the status of the liquidation order.
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Date of the Impugned…
The Adjudicating Authority passed an order for…
The case involves three appeals related to the acceptance of a Resolution Plan approved for M/s Kridhan Infrastructure Pvt. Ltd. concerning the Corporate Debtor, Tecpro Systems Ltd. The Impugned order approving the Resolution Plan was dated 2019-05-15. During the pendency of these appeals, an application was filed under Section 60(5) read with Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Adjudicating Authority ordered the liquidation of the Corporate Debtor on 2020-01-16.
The core facts are as follows: A Resolution Plan for Tecpro Systems Ltd., proposed by M/s Kridhan Infrastructure Pvt. Ltd., was approved. Appeals were filed against this approval. While these appeals were pending, the Adjudicating Authority ordered the liquidation of Tecpro Systems Ltd. under Section 33(4) of the IBC. The liquidation order was issued on 2020-01-16. The appeals before the NCLAT were then considered in light of this liquidation order. The relevance of the appeals hinges on the status of the liquidation order.
Date of the Impugned…
The Adjudicating Authority passed an order for…