This appeal was filed by a Successful Resolution Applicant (SRA) against an order dated 23.01.2024 passed by the National Company Law Tribunal (NCLT), New Delhi Bench, in IA No. 188/2024, which was filed by Respondent No. 1. The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor, M/s. Primrose Infratech Pvt. Ltd., commenced on 21.12.2018. The Resolution Plan submitted by the Appellant was approved by the Committee of Creditors (CoC) with 80.84% voting share on 13.02.2020. IA No. 1489 of 2020, filed by the Resolution Professional (RP) for approval of the Resolution Plan, is pending before the Adjudicating Authority. IA No. 188 of 2024, filed by Respondent No. 1, sought to place a settlement proposal under Section 12A of the IBC before the CoC. The
…The Corporate Insolvency Resolution Process (CIRP) of M/s. Primrose Infratech Pvt. Ltd. commenced on 21.12.2018. The Resolution Plan submitted by One City Infrastructure Pvt. Ltd. (the Appellant) was approved by the Committee of Creditors (CoC) with 80.84% voting share on 13.02.2020. IA No. 1489 of 2020, filed by the Resolution Professional (RP) for approval of the Resolution Plan, is pending before the Adjudicating Authority. Respondent No. 1, an Ex-Director, filed IA No. 188 of 2024, seeking to place a settlement proposal under Section 12A of the IBC before the CoC. The Adjudicating Authority directed the Appellant to deposit Rs. 1 crore in the CIRP Account of the Corporate Debtor and directed the RP to call a meeting of the CoC to examine the proposal. The
…Sign in to view the parties.
The Corporate Insolvency Resolution Process…
Public announcement was…
This appeal was filed by a Successful Resolution Applicant (SRA) against an order dated 23.01.2024 passed by the National Company Law Tribunal (NCLT), New Delhi Bench, in IA No. 188/2024, which was filed by Respondent No. 1. The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor, M/s. Primrose Infratech Pvt. Ltd., commenced on 21.12.2018. The Resolution Plan submitted by the Appellant was approved by the Committee of Creditors (CoC) with 80.84% voting share on 13.02.2020. IA No. 1489 of 2020, filed by the Resolution Professional (RP) for approval of the Resolution Plan, is pending before the Adjudicating Authority. IA No. 188 of 2024, filed by Respondent No. 1, sought to place a settlement proposal under Section 12A of the IBC before the CoC. The
…The Corporate Insolvency Resolution Process (CIRP) of M/s. Primrose Infratech Pvt. Ltd. commenced on 21.12.2018. The Resolution Plan submitted by One City Infrastructure Pvt. Ltd. (the Appellant) was approved by the Committee of Creditors (CoC) with 80.84% voting share on 13.02.2020. IA No. 1489 of 2020, filed by the Resolution Professional (RP) for approval of the Resolution Plan, is pending before the Adjudicating Authority. Respondent No. 1, an Ex-Director, filed IA No. 188 of 2024, seeking to place a settlement proposal under Section 12A of the IBC before the CoC. The Adjudicating Authority directed the Appellant to deposit Rs. 1 crore in the CIRP Account of the Corporate Debtor and directed the RP to call a meeting of the CoC to examine the proposal. The
…The Corporate Insolvency Resolution Process…
Public announcement was…