The case involves an application (IA(Plan)/42(AHM)2024) filed by the Resolution Professional (RP) of M/s. Kolon Investments Private Limited under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of a resolution plan.
M/s. Zep Infratech Limited, a financial creditor, filed an application under Section 7 of the IBC, 2016, to initiate CIRP against M/s. Kolon Investments Private Limited.
The Adjudicating Authority admitted the application on 23.11.2023 and appointed Sachin Dinkar Bhattbhatt as the Interim Resolution Professional (IRP).
The RP invited claims from stakeholders and constituted a Committee of Creditors (CoC).
Mr. Pratik Bose submitted a resolution plan, which was approved by the CoC with a 100% majority.
The RP filed an application (IA(Plan)/42(AHM)2024) seeking approval of the resolution plan.
The Adjudicating Authority raised several queries and sought clarifications regarding the resolution plan, the corporate debtor's assets and liabilities, and the feasibility of the plan.
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M/s. Zep Infratech…
Adjudicating Authority admitted the application…
The case involves an application (IA(Plan)/42(AHM)2024) filed by the Resolution Professional (RP) of M/s. Kolon Investments Private Limited under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking approval of a resolution plan.
M/s. Zep Infratech Limited, a financial creditor, filed an application under Section 7 of the IBC, 2016, to initiate CIRP against M/s. Kolon Investments Private Limited.
The Adjudicating Authority admitted the application on 23.11.2023 and appointed Sachin Dinkar Bhattbhatt as the Interim Resolution Professional (IRP).
The RP invited claims from stakeholders and constituted a Committee of Creditors (CoC).
Mr. Pratik Bose submitted a resolution plan, which was approved by the CoC with a 100% majority.
The RP filed an application (IA(Plan)/42(AHM)2024) seeking approval of the resolution plan.
The Adjudicating Authority raised several queries and sought clarifications regarding the resolution plan, the corporate debtor's assets and liabilities, and the feasibility of the plan.
…M/s. Zep Infratech…
Adjudicating Authority admitted the application…