This is an Interlocutory Application filed by Shri. Dutt India Pvt. Ltd. against the Office of the Sugar Commissioner, Maharashtra State. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to the Sugar Commissioner, Maharashtra State, to remove the entry of the Government of Maharashtra on the 7/12 extracts of New Phaltan Sugar Works Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against New Phaltan Sugar Works Limited, and a resolution plan submitted by Shri. Dutt India Pvt. Ltd. was approved. The applicant seeks the removal of a charge created by the Sugar Commissioner on the Corporate Debtor's land revenue records, which is hindering the implementation of the resolution plan.
Shri Dutt India Pvt. Ltd. filed an application against the Office of the Sugar Commissioner, Maharashtra State, seeking the removal of an entry of the Government of Maharashtra on the 7/12 extracts of New Phaltan Sugar Works Limited. The CIRP was initiated against New Phaltan Sugar Works Limited, and Shri Dutt India Pvt. Ltd.'s resolution plan was approved. The applicant had proposed to pay Rs. 67,61,06,870.10/-. The resolution plan included payment of dues to farmers, with admitted claims of Rs. 25,59,49,888/-. The applicant was ordered to furnish a Bank Guarantee of Rs. 5,00,00,000/- to secure the amount payable to the farmers. The Sugar Commissioner had created a charge on Plots bearing GAT Nos. 62/1, 62/2, 62/3A, 62/4, 62/5A, 62/8A, 65/2, 69, 70, 71/1, 74 (11 Gat
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Company Petition bearing number 2956 of 2018…
The petition under Section 7 of the Code was…
This is an Interlocutory Application filed by Shri. Dutt India Pvt. Ltd. against the Office of the Sugar Commissioner, Maharashtra State. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to the Sugar Commissioner, Maharashtra State, to remove the entry of the Government of Maharashtra on the 7/12 extracts of New Phaltan Sugar Works Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against New Phaltan Sugar Works Limited, and a resolution plan submitted by Shri. Dutt India Pvt. Ltd. was approved. The applicant seeks the removal of a charge created by the Sugar Commissioner on the Corporate Debtor's land revenue records, which is hindering the implementation of the resolution plan.
Shri Dutt India Pvt. Ltd. filed an application against the Office of the Sugar Commissioner, Maharashtra State, seeking the removal of an entry of the Government of Maharashtra on the 7/12 extracts of New Phaltan Sugar Works Limited. The CIRP was initiated against New Phaltan Sugar Works Limited, and Shri Dutt India Pvt. Ltd.'s resolution plan was approved. The applicant had proposed to pay Rs. 67,61,06,870.10/-. The resolution plan included payment of dues to farmers, with admitted claims of Rs. 25,59,49,888/-. The applicant was ordered to furnish a Bank Guarantee of Rs. 5,00,00,000/- to secure the amount payable to the farmers. The Sugar Commissioner had created a charge on Plots bearing GAT Nos. 62/1, 62/2, 62/3A, 62/4, 62/5A, 62/8A, 65/2, 69, 70, 71/1, 74 (11 Gat
…Company Petition bearing number 2956 of 2018…
The petition under Section 7 of the Code was…