ORDER

IA 2194/2021

The matter is listed on Board today, under the caption “For Orders”. Order is pronounced. The Interlocutory Application bearing IA No. 2194 of 2021, is allowed. Detail orders will follow.

IA 1453/2023

The matter is listed on Board today, under the caption “For Orders”. Order is pronounced. The Interlocutory Application bearing IA No. 1453 of 2023, is dismissed, in view of approval of the Resolution Plan.

ORDER

Per: Anu Jagmohan Singh, Member (Technical)

1. The present application is moved by Resolution Professional Mr. Pankaj Sham Joshi (hereinafter called as “the Applicant”) under section 30 (6) of the Insolvency and Bankruptcy Code, 2016 (“code”) r/w Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 for seeking approval of Gangamai Industries and Constructions Limited’s (hereinafter called as the “GIACL”) resolution plan under the provisions of Section 31 (1) of the code, for the Corporate Debtor KGS Sugar & Infra Corporation Limited (hereinafter called as the “Corporate Debtor”) which was approved by CoC by 99.86% of majority.

2. The CIRP was initiated against the Corporate debtor vide Order dated 10.10.2019. The Cert