The case involves an appeal against an Impugned Order approving a Resolution Plan for the Corporate Debtor, J.D. Aneja Edibles Pvt. Ltd., which is a Micro, Small and Medium Enterprise (MSME). The Corporate Insolvency Resolution Process (CIRP) was initiated by the Respondents. The Appellant, along with his wife, tendered a Resolution Plan during the CIRP. The Adjudicating Authority (NCLT, Jaipur Bench) approved the plan with an amendment in paragraph-31(i), directing that dissenting Financial Creditors (FC), even if related parties, should be paid the principal amount due as agreed before. The Appellant claims the Resolution Applicant never agreed to such an amendment, rendering the plan unviable.
The Respondents initiated a Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, J.D. Aneja Edibles Pvt. Ltd. The Appellant, along with his wife, submitted a Resolution Plan during the CIRP. The Adjudicating Authority (NCLT, Jaipur Bench) approved the Resolution Plan but included an amendment in paragraph-31(i) of the Impugned Order, which stipulated that dissenting Financial Creditors (FC), even if related parties, must be paid the principal amount due as agreed before. The Appellant claims that the Resolution Applicant never agreed to this amendment before the learned Tribunal, and this amendment makes the Resolution Plan unviable. The Appellant filed an appeal against the Impugned Order. The Corporate Debtor is a Micro, Small and Medium
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The case involves an appeal against an Impugned Order approving a Resolution Plan for the Corporate Debtor, J.D. Aneja Edibles Pvt. Ltd., which is a Micro, Small and Medium Enterprise (MSME). The Corporate Insolvency Resolution Process (CIRP) was initiated by the Respondents. The Appellant, along with his wife, tendered a Resolution Plan during the CIRP. The Adjudicating Authority (NCLT, Jaipur Bench) approved the plan with an amendment in paragraph-31(i), directing that dissenting Financial Creditors (FC), even if related parties, should be paid the principal amount due as agreed before. The Appellant claims the Resolution Applicant never agreed to such an amendment, rendering the plan unviable.
The Respondents initiated a Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, J.D. Aneja Edibles Pvt. Ltd. The Appellant, along with his wife, submitted a Resolution Plan during the CIRP. The Adjudicating Authority (NCLT, Jaipur Bench) approved the Resolution Plan but included an amendment in paragraph-31(i) of the Impugned Order, which stipulated that dissenting Financial Creditors (FC), even if related parties, must be paid the principal amount due as agreed before. The Appellant claims that the Resolution Applicant never agreed to this amendment before the learned Tribunal, and this amendment makes the Resolution Plan unviable. The Appellant filed an appeal against the Impugned Order. The Corporate Debtor is a Micro, Small and Medium
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