The case involves applications filed by Mr. N.K. Kurian, a suspended director of Mangomeadows Agricultural Pleasure Land (P) Ltd, against Mr. K. Easwara Pillai, the Resolution Professional, and M/s Kosamattam Finance, a Financial Creditor. The applications challenge decisions made by the Committee of Creditors (CoC) and seek to set aside a Scheme of Compromise and Arrangement.
Mr. N.K. Kurian, the suspended director of Mangomeadows Agricultural Pleasure Land (P) Ltd, filed applications challenging decisions made by the Committee of Creditors (CoC).
M/s Kosamattam Finance initiated proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016, alleging default in repayment of the financial debt.
The Corporate Insolvency Resolution Process (CIRP) was commenced, and Mr. K. Easwara Pillai was appointed as the Interim Resolution Professional.
A resolution plan submitted by M/s Torrion Impex India Pvt. Ltd. was initially approved by the CoC but later withdrawn.
The CoC approved a Scheme of Compromise and Arrangement proposed by the Financial Creditor, Kosamattam Finance, which holds 98.69% of the voting share.
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Respondent No. 2 initiated proceedings in…
The petition under Section 7 was admitted on…
The case involves applications filed by Mr. N.K. Kurian, a suspended director of Mangomeadows Agricultural Pleasure Land (P) Ltd, against Mr. K. Easwara Pillai, the Resolution Professional, and M/s Kosamattam Finance, a Financial Creditor. The applications challenge decisions made by the Committee of Creditors (CoC) and seek to set aside a Scheme of Compromise and Arrangement.
Mr. N.K. Kurian, the suspended director of Mangomeadows Agricultural Pleasure Land (P) Ltd, filed applications challenging decisions made by the Committee of Creditors (CoC).
M/s Kosamattam Finance initiated proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016, alleging default in repayment of the financial debt.
The Corporate Insolvency Resolution Process (CIRP) was commenced, and Mr. K. Easwara Pillai was appointed as the Interim Resolution Professional.
A resolution plan submitted by M/s Torrion Impex India Pvt. Ltd. was initially approved by the CoC but later withdrawn.
The CoC approved a Scheme of Compromise and Arrangement proposed by the Financial Creditor, Kosamattam Finance, which holds 98.69% of the voting share.
…Respondent No. 2 initiated proceedings in…
The petition under Section 7 was admitted on…