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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