This case involves an application filed by Mr. Jitendra Lohia, the Resolution Professional of McNally Sayaji Engineering Limited (the Corporate Debtor), seeking approval of a Resolution Plan. The application was filed under section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC), read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations). The underlying Company Petition, C.P. (IB) No. 131/KB/2020, was initiated by ICICI Bank Limited, the Financial Creditor, against McNally Sayaji Engineering Limited under section 7 of the IBC, and was admitted on February 11, 2021. Mr. Jitendra Lohia was initially appointed as the Interim Resolution Professional (IRP) and

This case involves an application filed by Mr. Jitendra Lohia, the Resolution Professional of McNally Sayaji Engineering Limited (the Corporate Debtor), seeking approval of a Resolution Plan. The application was filed under section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC), read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations). The underlying Company Petition, C.P. (IB) No. 131/KB/2020, was initiated by ICICI Bank Limited, the Financial Creditor, against McNally Sayaji Engineering Limited under section 7 of the IBC, and was admitted on February 11, 2021. Mr. Jitendra Lohia was initially appointed as the Interim Resolution Professional (IRP) and