The present interlocutory application, IA No. 59/2023, was filed by Mr. Bhrugesh Ramchandra Amin, the Resolution Professional (RP) of Lanco Mandakini Hydro Energy Pvt. Ltd., seeking approval of the Resolution Plan for the Corporate Debtor. This application was filed under Sections 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016 (IBC) read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) and Rule 11 of NCLT Rules, 2016. The Corporate Debtor is involved in the production of electricity from hydropower.

The present interlocutory application, IA No. 59/2023, was filed by Mr. Bhrugesh Ramchandra Amin, the Resolution Professional (RP) of Lanco Mandakini Hydro Energy Pvt. Ltd., seeking approval of the Resolution Plan for the Corporate Debtor. This application was filed under Sections 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016 (IBC) read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) and Rule 11 of NCLT Rules, 2016. The Corporate Debtor is involved in the production of electricity from hydropower.