The case involves an application under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI (Insolvency Regulations Process of Corporate Persons) Regulations, 2016, for the approval of a Resolution Plan for MBE Coal & Mineral Technology India Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and Mr. Soumendra Podder was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP constituted a Committee of Creditors (CoC), which approved a Resolution Plan submitted by BTL EPC Limited with 100% voting shares. The Resolution Plan includes various reliefs, waivers, and concessions sought by the Resolution
…1. An application was filed under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016, for approval of the Resolution Plan.
2. The Resolution Plan was submitted by BTL EPC Limited and approved by the Committee of Creditors (CoC) with 100% voting shares.
3. Mr. Soumendra Podder was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
4. The RP constituted a Committee of Creditors (CoC).
5. The Resolution Plan includes various reliefs, waivers, and concessions sought by the Resolution Applicant for successful implementation.
6. The Letter of Intent (LoI) had been issued on 02.08.2024 to the Successful Resolution Applicant (SRA) which was unconditionally accepted by the SRA and the Performance Security in the
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The Order was signed on…
Order dated November 06, 2024, some…
The case involves an application under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI (Insolvency Regulations Process of Corporate Persons) Regulations, 2016, for the approval of a Resolution Plan for MBE Coal & Mineral Technology India Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and Mr. Soumendra Podder was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP constituted a Committee of Creditors (CoC), which approved a Resolution Plan submitted by BTL EPC Limited with 100% voting shares. The Resolution Plan includes various reliefs, waivers, and concessions sought by the Resolution
…1. An application was filed under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016, for approval of the Resolution Plan.
2. The Resolution Plan was submitted by BTL EPC Limited and approved by the Committee of Creditors (CoC) with 100% voting shares.
3. Mr. Soumendra Podder was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
4. The RP constituted a Committee of Creditors (CoC).
5. The Resolution Plan includes various reliefs, waivers, and concessions sought by the Resolution Applicant for successful implementation.
6. The Letter of Intent (LoI) had been issued on 02.08.2024 to the Successful Resolution Applicant (SRA) which was unconditionally accepted by the SRA and the Performance Security in the
The Order was signed on…
Order dated November 06, 2024, some…