The case involves an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Palogix Infrastructure Pvt. Ltd. ICICI Bank Ltd., a financial creditor, initiated the corporate insolvency resolution process (CIRP) under Section 7 of the IBC. The application by the financial creditor was admitted on 2017-05-16. Mamta Binani was appointed as the interim resolution professional and later re-appointed as the Resolution Professional (RP) after approval by the Committee of Creditors (CoC). The RP convened 11 CoC meetings and submitted two resolution plans. The resolution plan of Sanjay Kumar Mishra was approved by the CoC with 100% voting.
ICICI Bank Ltd. initiated corporate insolvency resolution process (CIRP) against Palogix Infrastructure Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2017-05-16. Mamta Binani was appointed as the interim resolution professional and later re-appointed as the Resolution Professional (RP). The RP convened 11 meetings of the Committee of Creditors (CoC). Two resolution plans were submitted, and the plan of Sanjay Kumar Mishra was approved by the CoC with 100% voting. The period for submission of the resolution plan was extended by 180 days, expiring on 2018-02-09. An operational creditor, Palogix Infrastructure Pvt. Ltd., claimed that its claim was not fully accepted by the RP. The RP stated that the corporate
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The case involves an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Palogix Infrastructure Pvt. Ltd. ICICI Bank Ltd., a financial creditor, initiated the corporate insolvency resolution process (CIRP) under Section 7 of the IBC. The application by the financial creditor was admitted on 2017-05-16. Mamta Binani was appointed as the interim resolution professional and later re-appointed as the Resolution Professional (RP) after approval by the Committee of Creditors (CoC). The RP convened 11 CoC meetings and submitted two resolution plans. The resolution plan of Sanjay Kumar Mishra was approved by the CoC with 100% voting.
ICICI Bank Ltd. initiated corporate insolvency resolution process (CIRP) against Palogix Infrastructure Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2017-05-16. Mamta Binani was appointed as the interim resolution professional and later re-appointed as the Resolution Professional (RP). The RP convened 11 meetings of the Committee of Creditors (CoC). Two resolution plans were submitted, and the plan of Sanjay Kumar Mishra was approved by the CoC with 100% voting. The period for submission of the resolution plan was extended by 180 days, expiring on 2018-02-09. An operational creditor, Palogix Infrastructure Pvt. Ltd., claimed that its claim was not fully accepted by the RP. The RP stated that the corporate
…Application filed by…
Order deli…