This application was filed by the Resolution Professional under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Rule 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the Resolution Plan submitted by Mr. Ravindra P. Birole. The Corporate Insolvency Resolution Process (CIRP) for Utech Engineering Works (India) Pvt. Ltd. was initiated on June 25, 2019. A public announcement was made on June 30, 2019, inviting claims from creditors, and the Committee of Creditors (CoC) was constituted with Janaseva Shahakari Bank Ltd. as the sole member. The Resolution Professional received three Expressions of Interest (EOI) from Prospective Resolution Applicants (PRAs) in response to the public announcement.

This application was filed by the Resolution Professional under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Rule 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the Resolution Plan submitted by Mr. Ravindra P. Birole. The Corporate Insolvency Resolution Process (CIRP) for Utech Engineering Works (India) Pvt. Ltd. was initiated on June 25, 2019. A public announcement was made on June 30, 2019, inviting claims from creditors, and the Committee of Creditors (CoC) was constituted with Janaseva Shahakari Bank Ltd. as the sole member. The Resolution Professional received three Expressions of Interest (EOI) from Prospective Resolution Applicants (PRAs) in response to the public announcement.