The appeals arise from an order dated 22.07.2025 passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi, Court-IV, concerning IA No.6035 of 2024, IA No.1301 of 2025, and IA No.850 of 2022 in CP (IB) No.256/ND/2019. The corporate debtor, J.C. World Hospitality Pvt. Ltd., an MSME, was admitted into CIRP on 13.12.2019 following an application by financial creditors in class under Section 7. The Resolution Professional invited claims, with homebuyers constituting 100% of the CoC. A resolution plan was submitted by Dr. Vijay Kant Dixit & Anr., promoters of the Corporate Debtor, and Amrapali Fincap Limited.
The Corporate Debtor, J.C. World Hospitality Pvt. Ltd., is an MSME engaged in developing Real Estate.
The Corporate Debtor was admitted into CIRP on 13.12.2019 based on an application filed by the Financial Creditors in Class under Section 7.
Homebuyers constitute 100% of the Committee of Creditors (CoC).
Five Resolution Plans were put to vote on 21.10.2021, but none received the requisite votes.
The Resolution Professional re-voted only on the plan of Amrapali Fincap Limited, which was challenged by the promoters.
The Adjudicating Authority directed all Resolution Plans to be put for re-voting.
The Resolution Plan of the promoters received 44.01% 'yes' votes, while Amrapali Fincap Ltd.'s plan received 43.27% 'yes' votes.
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Corporate Debtor…
Five Resolution Plans…
The appeals arise from an order dated 22.07.2025 passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi, Court-IV, concerning IA No.6035 of 2024, IA No.1301 of 2025, and IA No.850 of 2022 in CP (IB) No.256/ND/2019. The corporate debtor, J.C. World Hospitality Pvt. Ltd., an MSME, was admitted into CIRP on 13.12.2019 following an application by financial creditors in class under Section 7. The Resolution Professional invited claims, with homebuyers constituting 100% of the CoC. A resolution plan was submitted by Dr. Vijay Kant Dixit & Anr., promoters of the Corporate Debtor, and Amrapali Fincap Limited.
The Corporate Debtor, J.C. World Hospitality Pvt. Ltd., is an MSME engaged in developing Real Estate.
The Corporate Debtor was admitted into CIRP on 13.12.2019 based on an application filed by the Financial Creditors in Class under Section 7.
Homebuyers constitute 100% of the Committee of Creditors (CoC).
Five Resolution Plans were put to vote on 21.10.2021, but none received the requisite votes.
The Resolution Professional re-voted only on the plan of Amrapali Fincap Limited, which was challenged by the promoters.
The Adjudicating Authority directed all Resolution Plans to be put for re-voting.
The Resolution Plan of the promoters received 44.01% 'yes' votes, while Amrapali Fincap Ltd.'s plan received 43.27% 'yes' votes.
…Corporate Debtor…
Five Resolution Plans…