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2023 Supreme(Online)(NCLAT) 2294

NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Justice Ashok Bhushan (Chairperson) , Hon'ble Mr. Barun Mitra (Member (Technical)) ,
Ritesh R Mahajan – Appellant
Versus
SHREE WARANA SAHAKARI BANK & ORS. – Respondent


ASHOK BHUSHAN, J.

These Appeal(s) have been filed against the same order dated

01.05.2023 passed by the National Company Law Tribunal, Mumbai,

Bench-V in IA No.2165 of 2021 filed by Resolution Professional (“RP”)

for approval of Resolution Plan submitted by Puro Naturals JV; IA

No.963 of 2022 and I.A. No.112 of 2022 filed by Respondent Nos.1 and

2 objecting to the Resolution Plan. The Adjudicating Authority by the

impugned order rejected IA No.2165 of 2021 field by the RP - Ritesh R

Mahajan for approval of the Resolution Plan and IA No. 963 of 2022

and 112 of 2022 filed by Respondent Nos.1 and 2 for rejection of the

Resolution Plan submitted by Puro Naturals JV, were allowed. The

Company Appeal (AT) (Ins.) Nos.661-663 of 2023 has been filed by the

3

Successful Resolution Applicant Puro Naturals JV challenging the

impugned order. Company Appeal (AT) (Ins.) No.651 of 2023 has been

filed by Ritesh R Mahajan, RP challenging the impugned order and

Company Appeal (AT) (Ins.) No.1005 of 2023 has been filed by 38

Sugarcane Farmers and creditors of the Corporate Debtor, who have

come up in this Appeal challenging the impugned order rejecting the

Resolution Plan.

2.

Brief facts necessary

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