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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 under the insolvency & bankruptcy code for approval of resolution plan. (Para 1 , 2) |
| 2. detailed summary of claims and financial responsibilities during the corporate insolvency resolution process. (Para 10 , 11 , 14) |
| 3. overview of management and compliance structure post-approval of the resolution plan. (Para 30 , 31) |
| 4. court satisfaction regarding compliance and binding nature of approval. (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 o
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