ODAT GmbH filed an appeal against the order dated 24.09.2024 passed by the NCLT, Kolkata Bench, which allowed the Resolution Professional's application seeking contribution from ODAT GmbH towards CIRP costs.
ODAT GmbH, the Appellant, is the single largest Financial Creditor of the Corporate Debtor, Darjeeling Organic Tea Estates Pvt. Ltd.
UCO Bank had initiated CIRP against the Corporate Debtor, which was admitted on 28.10.2022.
ODAT GmbH filed its claim of Euros 1,77,40,328 equivalent to Rs. 158,97,81,751/- on 20.09.2023, which was accepted by the IRP/RP.
Initially, ODAT GmbH was not allowed to vote in the CoC, but later, an appeal was allowed, granting them the right to vote.
The Resolution Professional filed an application seeking contribution from the Appellant towards CIRP costs, which was allowed by the NCLT without issuing notice to the Appellant.
The Appellant holds 39.4% voting share in the CoC and voted against the resolution for raising interim finance.
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NCLT, Kolkata Bench passed an order allowing…
Notice in the appeal…
ODAT GmbH filed an appeal against the order dated 24.09.2024 passed by the NCLT, Kolkata Bench, which allowed the Resolution Professional's application seeking contribution from ODAT GmbH towards CIRP costs.
ODAT GmbH, the Appellant, is the single largest Financial Creditor of the Corporate Debtor, Darjeeling Organic Tea Estates Pvt. Ltd.
UCO Bank had initiated CIRP against the Corporate Debtor, which was admitted on 28.10.2022.
ODAT GmbH filed its claim of Euros 1,77,40,328 equivalent to Rs. 158,97,81,751/- on 20.09.2023, which was accepted by the IRP/RP.
Initially, ODAT GmbH was not allowed to vote in the CoC, but later, an appeal was allowed, granting them the right to vote.
The Resolution Professional filed an application seeking contribution from the Appellant towards CIRP costs, which was allowed by the NCLT without issuing notice to the Appellant.
The Appellant holds 39.4% voting share in the CoC and voted against the resolution for raising interim finance.
…NCLT, Kolkata Bench passed an order allowing…
Notice in the appeal…