The case pertains to the approval of a resolution plan for M/s MBL (MP) Toll Road Company Limited, the Corporate Debtor, under the Insolvency and Bankruptcy Code, 2016. The resolution plan was submitted by M/s MBL Infrastructures Limited, the Successful Resolution Applicant (SRA).
The Corporate Debtor, M/s MBL (MP) Toll Road Company Limited, is a special purpose vehicle (SPV) incorporated on 31.10.2011.
Punjab National Bank International Limited (PNBIL) filed a Company Petition CP (IB)-423(PB)/2023 under Section 7 of the IBC for initiation of CIRP against the Corporate Debtor.
The Application was admitted on 21.01.2025, and Mr. Piyush Moona was appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) was constituted on 13.02.2025.
M/s MBL Infrastructures Limited submitted a resolution plan, which was approved by the CoC with 100% vote.
The RP filed a status report during CIRP vide IA No. 1540/2025, and the same was taken on record by this AA vide order dated 07.04.2025.
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The Application was admitted by this…
Accordingly, CoC was…
The case pertains to the approval of a resolution plan for M/s MBL (MP) Toll Road Company Limited, the Corporate Debtor, under the Insolvency and Bankruptcy Code, 2016. The resolution plan was submitted by M/s MBL Infrastructures Limited, the Successful Resolution Applicant (SRA).
The Corporate Debtor, M/s MBL (MP) Toll Road Company Limited, is a special purpose vehicle (SPV) incorporated on 31.10.2011.
Punjab National Bank International Limited (PNBIL) filed a Company Petition CP (IB)-423(PB)/2023 under Section 7 of the IBC for initiation of CIRP against the Corporate Debtor.
The Application was admitted on 21.01.2025, and Mr. Piyush Moona was appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) was constituted on 13.02.2025.
M/s MBL Infrastructures Limited submitted a resolution plan, which was approved by the CoC with 100% vote.
The RP filed a status report during CIRP vide IA No. 1540/2025, and the same was taken on record by this AA vide order dated 07.04.2025.
…The Application was admitted by this…
Accordingly, CoC was…