Back
NATIONAL COMPANY LAW TRIBUNAL
Shri H.V. Subba Rao, Ms. Madhu Sinha, JJ
Mr. Gajesh Labhchand – Appellant
Versus
Reliance Commercial Finance Limited – Respondent
| Table of Content |
|---|
| 1. application filed for the approval of a resolution plan. (Para 1 , 2 , 3) |
| 2. details of creditor claims and meetings held. (Para 4 , 5 , 6 , 7 , 9) |
ORDER
1. This is an Application filed under Section 30 (6) and Section 31 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “Code”) filed by the Resolution Professional of Broadband Pacenet (India) Private Limited (hereinafter referred to as “Corporate Debtor” seeking approval of the Resolution Plan submitted by a M/s Marwari Media Corporation Private Limited (the Successful Resolution Applicant) (SRA). The Resolution Plan submitted by the Successful Resolution Applicant was approved by 78% of the members of the Committee of Creditors of the Corporate Debtor (hereinafter referred to as “CoC”) at the 11th CoC meeting held on 10th January 2023.
2. Factual Background of the Corporate Debtor
1. Before proceeding to the evaluation of the Plan, as to its compliance with Section 30 (2) of IBC, it is necessary to set out the factual matrix of the Corporate Debtor.
2. The Financial Creditor i.e., Reliance Commercial Finance Limited filed a Company Petition bearing no: 4001 of 2019 against the Corporate D
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
