The case involves an application (I.A. 94 of 2024) filed by the Resolution Professional (RP) of TMW Fintech Pvt Ltd, the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a revised resolution plan.
Corporate Debtor was admitted into CIRP on 08.10.2021.
Pramod Dattaram Rasam was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The IRP constituted a Committee of Creditors (CoC) on 02.11.2021, initially consisting of Frontier Capital Limited.
The CoC approved a resolution plan with 78.59% votes in favor of Sudeep Sampatmal Dasani and Next Steps Advisors LLP.
Federal Bank Limited filed an IA (2025 of 2022) for exclusion of money belonging to Prepaid Payment Instruments (PPI) holders.
The Tribunal partially allowed Federal Bank's IA, holding that the amount in the non-operating pool account belongs to the PPI holders.
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Corporate Debtor was…
IRP made a public announcement under Regulation…
The case involves an application (I.A. 94 of 2024) filed by the Resolution Professional (RP) of TMW Fintech Pvt Ltd, the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of a revised resolution plan.
Corporate Debtor was admitted into CIRP on 08.10.2021.
Pramod Dattaram Rasam was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The IRP constituted a Committee of Creditors (CoC) on 02.11.2021, initially consisting of Frontier Capital Limited.
The CoC approved a resolution plan with 78.59% votes in favor of Sudeep Sampatmal Dasani and Next Steps Advisors LLP.
Federal Bank Limited filed an IA (2025 of 2022) for exclusion of money belonging to Prepaid Payment Instruments (PPI) holders.
The Tribunal partially allowed Federal Bank's IA, holding that the amount in the non-operating pool account belongs to the PPI holders.
…Corporate Debtor was…
IRP made a public announcement under Regulation…