The appeal arises from an order dated 17.08.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court IV, which dismissed I.A. 1528/ND/2022 filed by the Resolution Professional for approval of the Resolution Plan and directed the liquidation of the Corporate Debtor, Ajanta Offset Packaging Limited. The CIRP was initiated on 04.02.2020. The Resolution Professional issued Form G on 19.08.2020, inviting Expression of Interest (EOI), and received two EOIs. The CoC found the plans unfeasible and called for negotiation. The CoC decided to put the plans to e-voting, but none were approved. The Resolution Professionals filed I.A. No. 1992/2021 seeking exclusion of 222 days, which was allowed. The CoC unanimously passed a resolution for
…The case involves a Company Appeal (AT) (Insolvency) No. 1125 of 2022 against an order dated 17.08.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court IV. The Adjudicating Authority dismissed I.A. 1528/ND/2022, which was filed by the Resolution Professional seeking approval of a Resolution Plan for the Corporate Debtor, Ajanta Offset Packaging Limited, and directed the Corporate Debtor's liquidation. The CIRP was initiated on 04.02.2020. The Resolution Professional issued Form G on 19.08.2020, inviting Expression of Interest (EOI), and received two EOIs. The CoC found the plans unfeasible and called for negotiation. The CoC decided to put the plans to e-voting, but none were approved. The Resolution Professionals filed I.A.
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The appeal arises from an order dated 17.08.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court IV, which dismissed I.A. 1528/ND/2022 filed by the Resolution Professional for approval of the Resolution Plan and directed the liquidation of the Corporate Debtor, Ajanta Offset Packaging Limited. The CIRP was initiated on 04.02.2020. The Resolution Professional issued Form G on 19.08.2020, inviting Expression of Interest (EOI), and received two EOIs. The CoC found the plans unfeasible and called for negotiation. The CoC decided to put the plans to e-voting, but none were approved. The Resolution Professionals filed I.A. No. 1992/2021 seeking exclusion of 222 days, which was allowed. The CoC unanimously passed a resolution for
…The case involves a Company Appeal (AT) (Insolvency) No. 1125 of 2022 against an order dated 17.08.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, Court IV. The Adjudicating Authority dismissed I.A. 1528/ND/2022, which was filed by the Resolution Professional seeking approval of a Resolution Plan for the Corporate Debtor, Ajanta Offset Packaging Limited, and directed the Corporate Debtor's liquidation. The CIRP was initiated on 04.02.2020. The Resolution Professional issued Form G on 19.08.2020, inviting Expression of Interest (EOI), and received two EOIs. The CoC found the plans unfeasible and called for negotiation. The CoC decided to put the plans to e-voting, but none were approved. The Resolution Professionals filed I.A.
…The Adjudicating…
The Resolution Professional issued Form G,…
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