The case involves an Interlocutory Application (I.A. (IBC)(Plan) No. 54 of 2025) filed by the Resolution Professional (RP) of Genix Automation Pvt. Ltd, the Corporate Debtor, seeking approval of a Resolution Plan submitted by MRCA Financial Services (India) Private Limited, the Successful Resolution Applicant (SRA).
The Corporate Debtor, Genix Automation Pvt. Ltd., was admitted into CIRP on 16.05.2024, following a Section 9 application by Arm Welders Pvt. Ltd., an Operational Creditor, due to unpaid dues of Rs. 1,76,35,847/-.
Mr. Purusottam Behera was appointed as the Interim Resolution Professional (IRP).
The CoC comprises only one creditor, Omkara Asset Reconstruction Private Limited, with a claim of Rs. 48,50,85,667/-.
The IRP faced difficulties in securing the Corporate Debtor's assets and information due to the sale of the registered office premises by the CoC member under the SARFAESI Act, 2002.
Mr. Rajat Mukherjee was appointed as the Resolution Professional (RP) with 100% approval of the CoC.
Form G was published on 15.10.2024, inviting Prospective Resolution Applicants (PRAs).
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Corporate D…
IRP published Form A,…
The case involves an Interlocutory Application (I.A. (IBC)(Plan) No. 54 of 2025) filed by the Resolution Professional (RP) of Genix Automation Pvt. Ltd, the Corporate Debtor, seeking approval of a Resolution Plan submitted by MRCA Financial Services (India) Private Limited, the Successful Resolution Applicant (SRA).
The Corporate Debtor, Genix Automation Pvt. Ltd., was admitted into CIRP on 16.05.2024, following a Section 9 application by Arm Welders Pvt. Ltd., an Operational Creditor, due to unpaid dues of Rs. 1,76,35,847/-.
Mr. Purusottam Behera was appointed as the Interim Resolution Professional (IRP).
The CoC comprises only one creditor, Omkara Asset Reconstruction Private Limited, with a claim of Rs. 48,50,85,667/-.
The IRP faced difficulties in securing the Corporate Debtor's assets and information due to the sale of the registered office premises by the CoC member under the SARFAESI Act, 2002.
Mr. Rajat Mukherjee was appointed as the Resolution Professional (RP) with 100% approval of the CoC.
Form G was published on 15.10.2024, inviting Prospective Resolution Applicants (PRAs).
…Corporate D…
IRP published Form A,…