The appeal was filed against an order dated 1st December 2023, where IA No.2593/2023 filed under Section 60(5) of the IBC by Respondent No.1 was allowed, and IA 2145/2023 seeking approval of the Resolution Plan was rejected. The appellant is the Successful Resolution Applicant (SRA) of the Corporate Debtor, M/s Vijay Citispace Pvt Ltd.
The Ld. NCLT admitted CP (IB) 3352/2023 under Section 9 of the IBC filed by one Regency Ispat Pvt Ltd (Operational Creditor) against M/s Vijay Citispace Pvt Ltd and had directed the commencement of CIRP against the Corporate Debtor and appointed Respondent No.2 as an Interim Resolution Professional.
The Committee of Creditors approved the publication of Form G – Invitation for Expression of Interest (“Eol”) and the eligibility criteria for prospective Resolution Applicants.
The NCLT disqualified the Appellant as a Successful Resolution Applicant (“SRA”) in the CIRP of Corporate Debtor M/s Vijay CitispacePvt. Ltd. (“CD”) on the ground of it being barred under Section 29A(e) and (j), IBC.
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The NCLT passed an order allowing IA…
The Ld. NCLT admitted CP (IB) 3352/2023 under…
The appeal was filed against an order dated 1st December 2023, where IA No.2593/2023 filed under Section 60(5) of the IBC by Respondent No.1 was allowed, and IA 2145/2023 seeking approval of the Resolution Plan was rejected. The appellant is the Successful Resolution Applicant (SRA) of the Corporate Debtor, M/s Vijay Citispace Pvt Ltd.
The Ld. NCLT admitted CP (IB) 3352/2023 under Section 9 of the IBC filed by one Regency Ispat Pvt Ltd (Operational Creditor) against M/s Vijay Citispace Pvt Ltd and had directed the commencement of CIRP against the Corporate Debtor and appointed Respondent No.2 as an Interim Resolution Professional.
The Committee of Creditors approved the publication of Form G – Invitation for Expression of Interest (“Eol”) and the eligibility criteria for prospective Resolution Applicants.
The NCLT disqualified the Appellant as a Successful Resolution Applicant (“SRA”) in the CIRP of Corporate Debtor M/s Vijay CitispacePvt. Ltd. (“CD”) on the ground of it being barred under Section 29A(e) and (j), IBC.
…The NCLT passed an order allowing IA…
The Ld. NCLT admitted CP (IB) 3352/2023 under…