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NATIONAL COMPANY LAW TRIBUNAL
Rohit Kapoor, Member (Judicial), Balraj Joshi, Member (Technical)
Sampark Land and Builders Private Limited – Appellant
Versus
Kamal Nayan Jain, Resolution Professional of Sampark Land and Builders Private Limited – Respondent
| Table of Content |
|---|
| 1. application filed under ibc for resolution plan. (Para 2 , 3 , 4) |
| 2. claims and admissions summarized for creditor categories. (Para 10 , 11) |
| 3. resolution plan approved and compliant with ibc provisions. (Para 33 , 34) |
ORDER
Per: Balraj Joshi, Member (Technical)
1. This Court convened through hybrid mode.
Preliminary
2. I.A. (IB) No. 980/KB/2022 is an application under section 30(6) of the Insolvency and Bankruptcy Code, 2016 , after approval of the resolution plan by the Committee of Creditors (“CoC”)
3. This application was filed by Mr. Kamal Nayan Jain, Resolution Professional of Sampark Land and Builders Private Limited (CIN: U70109WB2011PTC157021), by invoking the provisions of section 30(6) of the Insolvency and Bankruptcy Code, 2016 (“the Code” or “IBC”) read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Regulations”) for approval of a Resolution Plan in respect of Sampark Land and Builders Private Limited (“Corporate Applicant”).
4. The underlying Company Petition in C.P. (IB) No. 888/KB/2020 was filed by Sampark Land and Builders Private Limited, the Corpora
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