The case involves an application filed by N.K Minerals Private Limited, an operational creditor, seeking to forward an order passed in CP No. 167/CTB/2019 to the IBBI for initiating criminal action against Orissa Manganese and Minerals Limited, the corporate debtor, for contravention of a resolution plan. The corporate debtor was previously subject to a Corporate Insolvency Resolution Process (CIRP) initiated by State Bank of India, and a resolution plan submitted by Ghanashyam Misra & Sons Private Limited was approved. As per the approved resolution plan, N.K Minerals Private Limited was entitled to receive a sum of Rs.85,65,163.00. When the successful resolution applicant failed to pay the said amount, the applicant filed an application CP No. 167/CTB/2019 under
…N.K Minerals Private Limited, an operational creditor, filed an application against Orissa Manganese and Minerals Limited, the corporate debtor, seeking to forward an order to the IBBI for initiating criminal action for contravention of a resolution plan. Orissa Manganese and Minerals Limited was previously under CIRP initiated by State Bank of India. A resolution plan submitted by Ghanashyam Misra & Sons Private Limited was approved, entitling N.K Minerals Private Limited to receive Rs.85,65,163.00. When the successful resolution applicant failed to pay, N.K Minerals Private Limited filed CP No. 167/CTB/2019 under Section 9 of IBC. During the proceedings, Orissa Manganese and Minerals Limited tendered a demand draft for Rs.85,65,163.00, but N.K Minerals Private
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NCLT, Kolkata Bench ordered Corporate…
NCLT, Kolkata Bench approved a resolution…
The case involves an application filed by N.K Minerals Private Limited, an operational creditor, seeking to forward an order passed in CP No. 167/CTB/2019 to the IBBI for initiating criminal action against Orissa Manganese and Minerals Limited, the corporate debtor, for contravention of a resolution plan. The corporate debtor was previously subject to a Corporate Insolvency Resolution Process (CIRP) initiated by State Bank of India, and a resolution plan submitted by Ghanashyam Misra & Sons Private Limited was approved. As per the approved resolution plan, N.K Minerals Private Limited was entitled to receive a sum of Rs.85,65,163.00. When the successful resolution applicant failed to pay the said amount, the applicant filed an application CP No. 167/CTB/2019 under
…N.K Minerals Private Limited, an operational creditor, filed an application against Orissa Manganese and Minerals Limited, the corporate debtor, seeking to forward an order to the IBBI for initiating criminal action for contravention of a resolution plan. Orissa Manganese and Minerals Limited was previously under CIRP initiated by State Bank of India. A resolution plan submitted by Ghanashyam Misra & Sons Private Limited was approved, entitling N.K Minerals Private Limited to receive Rs.85,65,163.00. When the successful resolution applicant failed to pay, N.K Minerals Private Limited filed CP No. 167/CTB/2019 under Section 9 of IBC. During the proceedings, Orissa Manganese and Minerals Limited tendered a demand draft for Rs.85,65,163.00, but N.K Minerals Private
…NCLT, Kolkata Bench ordered Corporate…
NCLT, Kolkata Bench approved a resolution…