The case pertains to an application filed by Mr. Ajit Kumar, the Resolution Professional (RP) of M/s Jadoun International Pvt. Ltd. (Corporate Debtor), seeking approval of a resolution plan under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Process of Corporate Persons) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Financial Creditor, M/s Indus Container Lines Pvt. Ltd., under Section 7 of the Code. The application was admitted by the Adjudicating Authority on 25.01.2019. The RP was appointed as the Interim Resolution Professional (IRP) and subsequently as the RP. The RP constituted the
…M/s Indus Container Lines Private Limited initiated CIRP against M/s Jadoun International Private Limited under Section 7 of IBC, which was admitted on 25.01.2019. Ajit Kumar was appointed as the Resolution Professional (RP). The RP constituted the Committee of Creditors (CoC) on 12.02.2019. Several CoC meetings were held to discuss the resolution plan. An application was moved against Tata Motors Finance Pvt. Ltd. for violation of the moratorium period. The RP placed the resolution plan of Mr. Yusuf Khan and Mr. Vibhash Kumar for consideration, but Mr. Vibhash Kumar was disqualified. Mr. Yusuf Khan submitted a revised resolution plan on 21.10.2019. The CoC approved the resolution plan on 22.11.2019 with a majority of 82.2% on 19.12.2019. The resolution plan includes
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The Adjudicating Authority admitted the…
The Resolution…
The case pertains to an application filed by Mr. Ajit Kumar, the Resolution Professional (RP) of M/s Jadoun International Pvt. Ltd. (Corporate Debtor), seeking approval of a resolution plan under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Process of Corporate Persons) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Financial Creditor, M/s Indus Container Lines Pvt. Ltd., under Section 7 of the Code. The application was admitted by the Adjudicating Authority on 25.01.2019. The RP was appointed as the Interim Resolution Professional (IRP) and subsequently as the RP. The RP constituted the
…M/s Indus Container Lines Private Limited initiated CIRP against M/s Jadoun International Private Limited under Section 7 of IBC, which was admitted on 25.01.2019. Ajit Kumar was appointed as the Resolution Professional (RP). The RP constituted the Committee of Creditors (CoC) on 12.02.2019. Several CoC meetings were held to discuss the resolution plan. An application was moved against Tata Motors Finance Pvt. Ltd. for violation of the moratorium period. The RP placed the resolution plan of Mr. Yusuf Khan and Mr. Vibhash Kumar for consideration, but Mr. Vibhash Kumar was disqualified. Mr. Yusuf Khan submitted a revised resolution plan on 21.10.2019. The CoC approved the resolution plan on 22.11.2019 with a majority of 82.2% on 19.12.2019. The resolution plan includes
…The Adjudicating Authority admitted the…
The Resolution…