The case involves three applications (MA/249/IB/2018, MA/264/IB/2018, and MA/268/IB/2018) filed under Section 60, 30(6), and 60 of the Insolvency and Bankruptcy Code, 2016 (IBC). MA/249/IB/2018 was filed by the erstwhile Managing Director of the Corporate Debtor, seeking investigation into the utilization of insurance money and provision of company valuation information. MA/264/IB/2018 was filed by the Resolution Professional (RP) for approval of the Resolution Plan. MA/268/IB/2018 was filed by a third party seeking directions to the RP to provide company information for submitting a resolution plan.
TCP/198(IB)/2017 was admitted, and CIRP commenced on 2017-08-16, with Mr. V. Nagarajan appointed as IRP, later RP. The CIRP period was extended. The 9th CoC approved a Resolution Plan by Mr. Sarang Sudhakar Kale. The RP filed MA/264/IB/2018 for approval of the Resolution Plan. The erstwhile Managing Director filed MA/249/IB/2018 seeking investigation into insurance money utilization. The RP filed MA/185/IB/2018 for approval of a resolution plan, which was disposed of. A third party filed MA/268/IB/2018 seeking directions to the RP for company information to submit a resolution plan for Rs. 110 crores. The applicants in MA/249/IB/2018 and MA/268/IB/2018 failed to pay the earnest money deposit of Rs. 25 lakhs. The Resolution Plan submitted by the RP in MA/264/IB/2018
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CIRP commenced with Mr.…
The period of CIRP was…
The case involves three applications (MA/249/IB/2018, MA/264/IB/2018, and MA/268/IB/2018) filed under Section 60, 30(6), and 60 of the Insolvency and Bankruptcy Code, 2016 (IBC). MA/249/IB/2018 was filed by the erstwhile Managing Director of the Corporate Debtor, seeking investigation into the utilization of insurance money and provision of company valuation information. MA/264/IB/2018 was filed by the Resolution Professional (RP) for approval of the Resolution Plan. MA/268/IB/2018 was filed by a third party seeking directions to the RP to provide company information for submitting a resolution plan.
TCP/198(IB)/2017 was admitted, and CIRP commenced on 2017-08-16, with Mr. V. Nagarajan appointed as IRP, later RP. The CIRP period was extended. The 9th CoC approved a Resolution Plan by Mr. Sarang Sudhakar Kale. The RP filed MA/264/IB/2018 for approval of the Resolution Plan. The erstwhile Managing Director filed MA/249/IB/2018 seeking investigation into insurance money utilization. The RP filed MA/185/IB/2018 for approval of a resolution plan, which was disposed of. A third party filed MA/268/IB/2018 seeking directions to the RP for company information to submit a resolution plan for Rs. 110 crores. The applicants in MA/249/IB/2018 and MA/268/IB/2018 failed to pay the earnest money deposit of Rs. 25 lakhs. The Resolution Plan submitted by the RP in MA/264/IB/2018
…CIRP commenced with Mr.…
The period of CIRP was…