The document pertains to a series of Company Appeals (AT) (CH) (INS) filed under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging the Impugned Order dated 01/02/2022 passed by the National Company Law Tribunal (NCLT), Chennai Bench, in various IA(IBC) applications related to IBA/1099/2019. These appeals involve multiple parties, including Giriraj Enterprises, GAIL (India) Limited, Echanda Urja Private Limited, L&T Infra Investments Partners, Asset Reconstruction Company (India) Limited, and Regen Infrastructure and Services Pvt. Ltd., as Appellants, and Regen Powertech Private Limited, its Resolution Professional, Committee of Creditors, and Renew Power Services Private Limited as Respondents. The appeals challenge the approval of a Resolution
…The core facts involve multiple Company Appeals filed against the Impugned Order dated 01/02/2022, which approved a Resolution Plan for Regen Powertech Private Limited (RPPL). The appeals were filed under Section 61 of the Insolvency and Bankruptcy Code (IBC). Several Appellants, including Giriraj Enterprises, GAIL (India) Limited, Echanda Urja Private Limited, L&T Infra Investments Partners, and Asset Reconstruction Company (India) Limited, raised objections to the approval of the Resolution Plan. These objections included alleged violations of Section 31(4) of the Code, failure to obtain mandatory approval from the Competition Commission of India (CCI), and improper treatment of certain creditors. L&T Infra Investment Partners claimed they had submitted their
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The initial application…
L&T Infra Inv…
The document pertains to a series of Company Appeals (AT) (CH) (INS) filed under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging the Impugned Order dated 01/02/2022 passed by the National Company Law Tribunal (NCLT), Chennai Bench, in various IA(IBC) applications related to IBA/1099/2019. These appeals involve multiple parties, including Giriraj Enterprises, GAIL (India) Limited, Echanda Urja Private Limited, L&T Infra Investments Partners, Asset Reconstruction Company (India) Limited, and Regen Infrastructure and Services Pvt. Ltd., as Appellants, and Regen Powertech Private Limited, its Resolution Professional, Committee of Creditors, and Renew Power Services Private Limited as Respondents. The appeals challenge the approval of a Resolution
…The core facts involve multiple Company Appeals filed against the Impugned Order dated 01/02/2022, which approved a Resolution Plan for Regen Powertech Private Limited (RPPL). The appeals were filed under Section 61 of the Insolvency and Bankruptcy Code (IBC). Several Appellants, including Giriraj Enterprises, GAIL (India) Limited, Echanda Urja Private Limited, L&T Infra Investments Partners, and Asset Reconstruction Company (India) Limited, raised objections to the approval of the Resolution Plan. These objections included alleged violations of Section 31(4) of the Code, failure to obtain mandatory approval from the Competition Commission of India (CCI), and improper treatment of certain creditors. L&T Infra Investment Partners claimed they had submitted their
…The initial application…
L&T Infra Inv…