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NATIONAL COMPANY LAW TRIBUNAL
Prabhat Kumar, V.G Bisht, JJ
Jitendra Palande – Appellant
Versus
Umesh Marutirao Pawar – Respondent
| Table of Content |
|---|
| 1. approval of the pre-packaged insolvency resolution plan. (Para 1 , 2 , 3) |
| 2. details on the corporate debtor's operational debt and ppirp initiation. (Para 4 , 5 , 6) |
| 3. regulatory compliance requirements for the resolution plan. (Para 10) |
ORDER
1. The present petition is filed Mr. Jitendra Palande (“Resolution Professional/RP/Applicant”) u/s. 54K (12) of the Insolvency and Bankruptcy Code, 2016 (“Code”) r/w Regulation 49(1) Of Insolvency and Bankruptcy Board of India Regulations, 2021) (“IBBI Rules”) seeking approval of Resolution Plan under Pre-Packed Insolvency Resolution Process (“PPIRP”) that has been approved with 100% voting share by the Committee of Creditors (“CoC”) with respect to Mudraa Lifespaces Private Limited (“Corporate Debtor”).
Particulars of the parties:
2. The Applicant, Mr. Jitendra Palande is the Resolution Professional of the Corporate Debtor, having registered office address at 411 Fourth Floor, Kakade Bizz Icon, Next to E-square, Shivajinagar Pune – 411005.
3. The Corporate debtor, Mudraa Lifespaces Private Limited (CIN- U74900PN2015PTC155139 & UDYAM-MH-26-0378225) is private limited company incorporated on 22.05.2015 under the Companies Act,
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