The instant application was filed by Mr. Umesh Gupta, the Resolution Professional (RP), seeking approval of a Resolution Plan under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Plan had been duly approved by the Committee of Creditors (CoC). The Corporate Insolvency Resolution Process (CIRP) for Capital Auto Rubber Products Private Limited was initiated by M/S Bajaj Rubber Company Private Limited, an Operational Creditor, under Section 9 of the IBC. The National Company Law Tribunal (NCLT) admitted the petition on September 6, 2019, and appointed Mr. Kumud Shekhar as the Interim Resolution Professional (IRP).

The instant application was filed by Mr. Umesh Gupta, the Resolution Professional (RP), seeking approval of a Resolution Plan under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Plan had been duly approved by the Committee of Creditors (CoC). The Corporate Insolvency Resolution Process (CIRP) for Capital Auto Rubber Products Private Limited was initiated by M/S Bajaj Rubber Company Private Limited, an Operational Creditor, under Section 9 of the IBC. The National Company Law Tribunal (NCLT) admitted the petition on September 6, 2019, and appointed Mr. Kumud Shekhar as the Interim Resolution Professional (IRP).