This appeal challenges the order dated May 10, 2022, passed by the National Company Law Tribunal, Principal Bench, New Delhi, which rejected the Appellant's application (I.A. No. 3954 of 2021) seeking the rejection of the Resolution Plan submitted by Respondent No. 3. The case involves a concession agreement between NHAI and Patna Highway Project Limited (Corporate Debtor) for the upgradation of the Hajipur Muzaffarpur Section of Existing NH-77. An EPC Agreement was executed between the Corporate Debtor and Gammon India Limited, later transferred to the Appellant through a scheme of arrangement. Disputes arose between the Appellant, Corporate Debtor, and NHAI, leading to non-completion of the project. The Appellant initiated arbitration, while the Corporate Debtor
…National Highway Authority of India (NHAI) invited proposals for the upgradation of the Hajipur Muzaffarpur Section of Existing NH-77. A concession agreement was executed between NHAI and Patna Highway Project Limited-Corporate Debtor on 2010-02-24. An EPC Agreement was executed between the Corporate Debtor and Gammon India Limited for the upgradation of the Hajipur Muzaffarpur Section on 2011-02-22. A scheme of arrangement was entered between the Appellant and Gammon India Limited, which was approved by the National Company Law Tribunal by order dated March 22, 2017. After approval of the scheme of arrangement, the EPC Contract for the execution of the project stood transferred to the Appellant. Disputes arose between the Appellant, the Corporate Debtor, and NHAI,
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Concession agreement executed between NHAI and…
EPC Agreement executed…
This appeal challenges the order dated May 10, 2022, passed by the National Company Law Tribunal, Principal Bench, New Delhi, which rejected the Appellant's application (I.A. No. 3954 of 2021) seeking the rejection of the Resolution Plan submitted by Respondent No. 3. The case involves a concession agreement between NHAI and Patna Highway Project Limited (Corporate Debtor) for the upgradation of the Hajipur Muzaffarpur Section of Existing NH-77. An EPC Agreement was executed between the Corporate Debtor and Gammon India Limited, later transferred to the Appellant through a scheme of arrangement. Disputes arose between the Appellant, Corporate Debtor, and NHAI, leading to non-completion of the project. The Appellant initiated arbitration, while the Corporate Debtor
…National Highway Authority of India (NHAI) invited proposals for the upgradation of the Hajipur Muzaffarpur Section of Existing NH-77. A concession agreement was executed between NHAI and Patna Highway Project Limited-Corporate Debtor on 2010-02-24. An EPC Agreement was executed between the Corporate Debtor and Gammon India Limited for the upgradation of the Hajipur Muzaffarpur Section on 2011-02-22. A scheme of arrangement was entered between the Appellant and Gammon India Limited, which was approved by the National Company Law Tribunal by order dated March 22, 2017. After approval of the scheme of arrangement, the EPC Contract for the execution of the project stood transferred to the Appellant. Disputes arose between the Appellant, the Corporate Debtor, and NHAI,
…Concession agreement executed between NHAI and…
EPC Agreement executed…