The Applicant, an unsecured creditor and member of the Committee of Creditors (CoC), had accepted a resolution plan offering 60% of its admitted claim, amounting to Rs. 45 Lakhs. This plan was unanimously approved by the CoC and subsequently by the NCLT on 23.12.2019.
The Applicant is an unsecured creditor and a member of the Committee of Creditors (CoC).
The Applicant accepted a resolution plan offering 60% of its admitted claim, totaling Rs. 45 Lakhs.
The resolution plan was approved unanimously with 100% vote by the CoC.
The NCLT approved the resolution plan on 23.12.2019 in MA No.1234/2019 in C.P. (IB)/628(CHE)2017.
The resolution plan failed because the Successful Resolution Applicant (SRA) did not make any payment to the Applicant.
The Applicant sought liquidation of the Corporate Debtor and sanction for prosecution of the SRA.
Erstwhile RP Ms. Kavitha Surana was discharged as the resolution plan had been approved.
Mr. Radhakrishnan Gopal was appointed as the new Resolution Professional (RP).
…Sign in to view the parties.
NCLT approved the…
Hearing of the National Company Law Tribunal,…
The Applicant, an unsecured creditor and member of the Committee of Creditors (CoC), had accepted a resolution plan offering 60% of its admitted claim, amounting to Rs. 45 Lakhs. This plan was unanimously approved by the CoC and subsequently by the NCLT on 23.12.2019.
The Applicant is an unsecured creditor and a member of the Committee of Creditors (CoC).
The Applicant accepted a resolution plan offering 60% of its admitted claim, totaling Rs. 45 Lakhs.
The resolution plan was approved unanimously with 100% vote by the CoC.
The NCLT approved the resolution plan on 23.12.2019 in MA No.1234/2019 in C.P. (IB)/628(CHE)2017.
The resolution plan failed because the Successful Resolution Applicant (SRA) did not make any payment to the Applicant.
The Applicant sought liquidation of the Corporate Debtor and sanction for prosecution of the SRA.
Erstwhile RP Ms. Kavitha Surana was discharged as the resolution plan had been approved.
Mr. Radhakrishnan Gopal was appointed as the new Resolution Professional (RP).
…NCLT approved the…
Hearing of the National Company Law Tribunal,…