(Per: Bench)

1. IA/847(AHM)2023 is filed under Section 30 (6) read with Section 31 of Insolvency and Bankruptcy Code, 2016 (“IBC, 2016”) read with Rule 11 of the NCLT Rules, 2016 seeking the following prayers:-

a) Your Lordship may be pleased to allow the present application;

b) This Hon’ble Adjudicating Authority may be pleased to approve the revised Resolution Plan submitted by Mr. Ashvin J. Patel, the successful Resolution Applicant dated 23.05.2023 and be further pleased to order and declare that such an approved Resolution Plan is binding on the Corporate Debtor, its employees, members, creditors, including the Central Government, the State Government, the Local Authority and other authorities, the guarantors and all other stakeholders involved in the Resolution Plan;

c) Your Lordship may be pleased to grant any other relief or reliefs as may deem fit in the interest of justice.

d) To approve the Resolution Plan (read with its addendums / Clarification of M/s Rare Asset Reconstruction Limited;

2. It is stated that the Corporate Debtor – was admitted to Corporate Insolvency Resolution Process (“CIRP”) and the Applicant herein was appointed as Interim Resolution Professional (“IRP”)