The present application, IA No. 2081/MB-V/2021, was filed by Mr. Vidyadhar Vasant Pawanaskar and Mr. Vijay Dattatraya Kulkarni, who are employees and operational creditors of E & G Global Estates Limited, the Corporate Debtor. They sought several reliefs, including a stay on the approved Resolution Plan submitted by Mrs. Asha Sanap, reconstitution of the Committee of Creditors (CoC), a direction to the CoC to reconsider both Resolution Plans, and a direction to the Resolution Professional (RP) to reconsider and admit their claims. The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was initiated on June 24, 2020, and Mr. Ganesh Labhchand Jain was appointed as the Interim Resolution Professional, later confirmed as the RP.

The present application, IA No. 2081/MB-V/2021, was filed by Mr. Vidyadhar Vasant Pawanaskar and Mr. Vijay Dattatraya Kulkarni, who are employees and operational creditors of E & G Global Estates Limited, the Corporate Debtor. They sought several reliefs, including a stay on the approved Resolution Plan submitted by Mrs. Asha Sanap, reconstitution of the Committee of Creditors (CoC), a direction to the CoC to reconsider both Resolution Plans, and a direction to the Resolution Professional (RP) to reconsider and admit their claims. The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was initiated on June 24, 2020, and Mr. Ganesh Labhchand Jain was appointed as the Interim Resolution Professional, later confirmed as the RP.