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2023 Supreme(Online)(NCLT) 1075

NATIONAL COMPANY LAW TRIBUNAL
Mr. Shammi Khan, J, Mr. Sameer Kakar, T
Tejas K Shah Resolution Professional of Skylead Chemicals Limited VS


Advocates:
For the Appellants/Petitioners: Mr. Sumit Parikh, Adv., Ms. Aditi Sharma, Adv., Mr. Atul Sharma, Adv.

ORDER

[Per: Bench]

1. This application is filed by the Resolution Professional of Skylead Chemicals Limited (Corporate Debtor) under Section 30 (6) and Section 31 of the Insolvency and Bankruptcy Code, 2016 (Code) r.w. Regulation 39(4) of Insolvency and Bankruptcy Board of India (Insolvency Process of Corporate Persons) Regulations, 2016 seeking the following prayers:

a. Your lordship may be pleased to allow the present application;

b. Your lordship may be pleased to approve final revised Resolution Plan dated 02.06.2023 along with its addendum dated 28.06.2023 and 14.07.2023 submitted by M/s. Rolence Pharma & Chemicals LLP;

c. To approve the Resolution Plan approved by the Committee of Creditors in compliance with Section 30 (6) and 31(1) of the Code read with Regulation 39 of the IBBI (Insolvency Resolution Process for Corporate Person) Regulations, 2016;

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

2. It is stated that this Tribunal vide its order dated 30.11.2022 admitted the Corporate Debtor – Skylead Chemicals Ltd., to Corporate Insolvency Resolution Process (“CIRP”) in Company Petition No. 113 of 2019 filed by Fin

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