The application was filed under Section 30(1) & (6) of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan. The Resolution Professional (RP) sought approval of the resolution plan based on the Committee of Creditors (CoC) approving the plan with 82.51% voting share in its meeting held on 2019-10-03. The bench admitted the case on 2019-01-09 and appointed the IRP. The bench appointed Mr. Nagalingam Muthiah as Resolution Professional vide its order dated 2019-03-07.
Xenia Adobe Services India Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). An application was filed under Section 30(1) & (6) of the IBC, 2016 for approval of a resolution plan. The CoC approved the resolution plan with 82.51% voting share in its meeting held on 2019-10-03. The Resolution Professional, Nagalingam Muthiah, sought approval of the resolution plan. The bench admitted the case on 2019-01-09. The Resolution Applicant, Mr. Nitin Sadanand, is one of the Promoters-Suspended Director of the Corporate Debtor. The accounts of the Corporate Debtor were not classified as NPA as on the date of commencement of the CIRP period. The Resolution Applicant proposed to pay more than the liquidation value. The Resolution Applicant undertook
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The application was filed under Section 30(1) & (6) of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan. The Resolution Professional (RP) sought approval of the resolution plan based on the Committee of Creditors (CoC) approving the plan with 82.51% voting share in its meeting held on 2019-10-03. The bench admitted the case on 2019-01-09 and appointed the IRP. The bench appointed Mr. Nagalingam Muthiah as Resolution Professional vide its order dated 2019-03-07.
Xenia Adobe Services India Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). An application was filed under Section 30(1) & (6) of the IBC, 2016 for approval of a resolution plan. The CoC approved the resolution plan with 82.51% voting share in its meeting held on 2019-10-03. The Resolution Professional, Nagalingam Muthiah, sought approval of the resolution plan. The bench admitted the case on 2019-01-09. The Resolution Applicant, Mr. Nitin Sadanand, is one of the Promoters-Suspended Director of the Corporate Debtor. The accounts of the Corporate Debtor were not classified as NPA as on the date of commencement of the CIRP period. The Resolution Applicant proposed to pay more than the liquidation value. The Resolution Applicant undertook
…The Bench admi…
The Bench appointed Mr.…
Sign in to view related legal provisions.