The case involves an Interlocutory Application (IA (LIQ.)99/2024) filed in C.P. (IB)/89(MB)2022, concerning the Corporate Insolvency Resolution Process (CIRP) of Nagraj Alloys Private Limited. The CIRP was initiated following the admission of a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed, who then published a public announcement to invite claims from creditors. A Committee of Creditors (CoC) was formed, consisting solely of Omkara Asset Reconstruction Private Limited. The IRP was later replaced by the present Applicant as the Resolution Professional (RP). The RP invited Expression of Interest (EoI) but received only one Resolution Plan by the deadline, which was subsequently

The case involves an Interlocutory Application (IA (LIQ.)99/2024) filed in C.P. (IB)/89(MB)2022, concerning the Corporate Insolvency Resolution Process (CIRP) of Nagraj Alloys Private Limited. The CIRP was initiated following the admission of a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed, who then published a public announcement to invite claims from creditors. A Committee of Creditors (CoC) was formed, consisting solely of Omkara Asset Reconstruction Private Limited. The IRP was later replaced by the present Applicant as the Resolution Professional (RP). The RP invited Expression of Interest (EoI) but received only one Resolution Plan by the deadline, which was subsequently