The case involves a Company Appeal filed against an order by the Adjudicating Authority (National Company Law Tribunal, Division Bench – II, Chennai) in IA(IBC)1082(CHE)/2021 in IBA/1424/2019. The Adjudicating Authority had approved a Resolution Plan for Regen Powertech Private Limited on 01.02.2022 and dismissed IA(IBC)1082(CHE)/2021, which sought to prevent the termination of a long-term lease and the handover of demised properties. The appellant, Regen Infrastructure and Services Private Limited, challenged this dismissal, arguing that the Resolution Plan's approval did not address the lease termination issue.
Regen Infrastructure and Services Private Limited (RISPL) filed a Company Appeal against the 'impugned order' of 'dismissal' passed by the 'Adjudicating Authority' (National Company Law Tribunal, Division Bench – II, Chennai) in IA(IBC)1082(CHE)/2021 in IBA/1424/2019. The 'Adjudicating Authority' had approved the 'Resolution Plan' for Regen Powertech Private Limited (RPPL) on 01.02.2022. The IA(IBC)1082(CHE)/2021 sought to direct the 'Resolution Professional' of RPPL not to terminate the 'Long Term Lease' and hand over the 'Demised Properties' covered in 'Lease Deeds' dated 28.03.2017 and 05.06.2017. RPPL had also filed applications under Section 45 read with Section 49 of the Insolvency & Bankruptcy Code to set aside the 'Leases'. The 'Corporate Insolvency
…Sign in to view the parties.
The 'Adjudicating Authority' approved the…
Date of the Impugned Order in…
The case involves a Company Appeal filed against an order by the Adjudicating Authority (National Company Law Tribunal, Division Bench – II, Chennai) in IA(IBC)1082(CHE)/2021 in IBA/1424/2019. The Adjudicating Authority had approved a Resolution Plan for Regen Powertech Private Limited on 01.02.2022 and dismissed IA(IBC)1082(CHE)/2021, which sought to prevent the termination of a long-term lease and the handover of demised properties. The appellant, Regen Infrastructure and Services Private Limited, challenged this dismissal, arguing that the Resolution Plan's approval did not address the lease termination issue.
Regen Infrastructure and Services Private Limited (RISPL) filed a Company Appeal against the 'impugned order' of 'dismissal' passed by the 'Adjudicating Authority' (National Company Law Tribunal, Division Bench – II, Chennai) in IA(IBC)1082(CHE)/2021 in IBA/1424/2019. The 'Adjudicating Authority' had approved the 'Resolution Plan' for Regen Powertech Private Limited (RPPL) on 01.02.2022. The IA(IBC)1082(CHE)/2021 sought to direct the 'Resolution Professional' of RPPL not to terminate the 'Long Term Lease' and hand over the 'Demised Properties' covered in 'Lease Deeds' dated 28.03.2017 and 05.06.2017. RPPL had also filed applications under Section 45 read with Section 49 of the Insolvency & Bankruptcy Code to set aside the 'Leases'. The 'Corporate Insolvency
…The 'Adjudicating Authority' approved the…
Date of the Impugned Order in…