The case involves an Interlocutory Application (I.A. (IBC)(Plan) No. 54 of 2025) filed by Mr. Rajat Mukherjee, 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 plan was approved by 100% of the Committee of Creditors (CoC).
The Corporate Debtor, Genix Automation Pvt. Ltd., was admitted into CIRP on 16.05.2024, following a Section 9 application by an Operational Creditor, Arm Welders Pvt. Ltd., due to unpaid dues of Rs. 1,76,35,847/- plus interest.
Mr. Purusottam Behera was appointed as the Interim Resolution Professional (IRP).
The CoC comprised only one creditor, Omkara Asset Reconstruction Private Limited, with a claim of Rs. 48,50,85,667/-.
The IRP faced difficulties in securing control and possession of the Corporate Debtor's assets due to the sale of the property by the sole CoC member under the SARFAESI Act 2002.
Mr. Rajat Mukherjee was appointed as the Resolution Professional (RP) with 100% approval of the CoC.
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Company Petiti…
Corporate Debtor…
The case involves an Interlocutory Application (I.A. (IBC)(Plan) No. 54 of 2025) filed by Mr. Rajat Mukherjee, 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 plan was approved by 100% of the Committee of Creditors (CoC).
The Corporate Debtor, Genix Automation Pvt. Ltd., was admitted into CIRP on 16.05.2024, following a Section 9 application by an Operational Creditor, Arm Welders Pvt. Ltd., due to unpaid dues of Rs. 1,76,35,847/- plus interest.
Mr. Purusottam Behera was appointed as the Interim Resolution Professional (IRP).
The CoC comprised only one creditor, Omkara Asset Reconstruction Private Limited, with a claim of Rs. 48,50,85,667/-.
The IRP faced difficulties in securing control and possession of the Corporate Debtor's assets due to the sale of the property by the sole CoC member under the SARFAESI Act 2002.
Mr. Rajat Mukherjee was appointed as the Resolution Professional (RP) with 100% approval of the CoC.
…Company Petiti…
Corporate Debtor…