The case involves an application IA(IBC)/1091(KB)2023 filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 11 of the National Company Law Tribunal Rules, 2016, by the Administrator of SREI Equipment Finance Limited against the respondents. The applicant sought orders to set aside the resolution plan submitted by Respondent No. 3 and approved by Respondent No. 2, or alternatively, to direct the SRA (Respondent No. 3) to treat the applicant at par with other financial creditors under the resolution plan, or to direct the SRA to modify the resolution plan to ensure equal treatment of the applicant. The application is supported by an affidavit affirmed by Mr. Sohan Kumar Jha.
Suasth Health Care Foundation is the corporate debtor. SREI Equipment Finance Limited, through its Administrator, Mr. Rajneesh Sharma, filed an application under section 60(5) of the Insolvency and Bankruptcy Code, 2016. The application sought the setting aside or modification of a resolution plan approved by the Committee of Creditors (CoC) to ensure equal treatment of SREI Equipment Finance Limited with other financial creditors. The CoC includes Mr. Ravi Sethia, Resolution Professional of Suasth Health Care Foundation, The Committee of Creditors of Suasth Health Care Foundation, and Consortium of Nishkhala Healthcare Private Limited and Urja Pharma Chem. The Adjudicating Authority had previously ordered the CoC to review the distribution in the resolution plan to
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The case involves an application IA(IBC)/1091(KB)2023 filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 11 of the National Company Law Tribunal Rules, 2016, by the Administrator of SREI Equipment Finance Limited against the respondents. The applicant sought orders to set aside the resolution plan submitted by Respondent No. 3 and approved by Respondent No. 2, or alternatively, to direct the SRA (Respondent No. 3) to treat the applicant at par with other financial creditors under the resolution plan, or to direct the SRA to modify the resolution plan to ensure equal treatment of the applicant. The application is supported by an affidavit affirmed by Mr. Sohan Kumar Jha.
Suasth Health Care Foundation is the corporate debtor. SREI Equipment Finance Limited, through its Administrator, Mr. Rajneesh Sharma, filed an application under section 60(5) of the Insolvency and Bankruptcy Code, 2016. The application sought the setting aside or modification of a resolution plan approved by the Committee of Creditors (CoC) to ensure equal treatment of SREI Equipment Finance Limited with other financial creditors. The CoC includes Mr. Ravi Sethia, Resolution Professional of Suasth Health Care Foundation, The Committee of Creditors of Suasth Health Care Foundation, and Consortium of Nishkhala Healthcare Private Limited and Urja Pharma Chem. The Adjudicating Authority had previously ordered the CoC to review the distribution in the resolution plan to
…The Adjudicating Authority passed an order in…
The Adjudicating…