The case involves an application filed by the Resolution Professional under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 154 of NCLT rules, 2016, seeking rectification of a Tribunal order dated 08.12.2023 in I.A.No.1285/2023 in C.P. (IB)no.149/HDB/2022, which approved the resolution plan of the Corporate Debtor, Mantovani Di Dharti Private Limited. The applicant pointed out a typographical error in para 13 of the order, specifically regarding the amount to be admitted for Swan LNG Private Limited's claim.
SREI Equipment Finance Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Mantovani Di Dharti Pvt Ltd. The Resolution Professional (RP) filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking rectification of the Tribunal's order dated 08.12.2023 in I.A.No.1285/2023. The original order approved the resolution plan for Mantovani Di Dharti Private Limited. The RP highlighted a discrepancy in para 13 of the order regarding the amount to be admitted for Swan LNG Private Limited's claim. The original order stated that Rs. 95,64,00,000/- should be admitted against Swan LNG's claim of Rs. 157,10,10,127/-, but the RP contended that the correct amount to be admitted was Rs. 992,82,24,744/-. The RP had filed a compliance
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Tribunal order dated 08.12.2023 in…
Tribunal's directions in IA 599 of 2023…
The case involves an application filed by the Resolution Professional under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 154 of NCLT rules, 2016, seeking rectification of a Tribunal order dated 08.12.2023 in I.A.No.1285/2023 in C.P. (IB)no.149/HDB/2022, which approved the resolution plan of the Corporate Debtor, Mantovani Di Dharti Private Limited. The applicant pointed out a typographical error in para 13 of the order, specifically regarding the amount to be admitted for Swan LNG Private Limited's claim.
SREI Equipment Finance Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Mantovani Di Dharti Pvt Ltd. The Resolution Professional (RP) filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking rectification of the Tribunal's order dated 08.12.2023 in I.A.No.1285/2023. The original order approved the resolution plan for Mantovani Di Dharti Private Limited. The RP highlighted a discrepancy in para 13 of the order regarding the amount to be admitted for Swan LNG Private Limited's claim. The original order stated that Rs. 95,64,00,000/- should be admitted against Swan LNG's claim of Rs. 157,10,10,127/-, but the RP contended that the correct amount to be admitted was Rs. 992,82,24,744/-. The RP had filed a compliance
…Tribunal order dated 08.12.2023 in…
Tribunal's directions in IA 599 of 2023…