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NATIONAL COMPANY LAW TRIBUNAL
Shri Rohit Kapoor, Member (Judicial), Shri Balraj Joshi, Member (Technical)
UCO Bank – Appellant
Versus
Limtex (India) Limited – Respondent
| Table of Content |
|---|
| 1. approval for corporate insolvency resolution process (Para 2 , 4 , 5) |
| 2. constitution of committee of creditors (Para 7 , 8 , 9) |
| 3. collation and admission of creditor claims (Para 10 , 11 , 12) |
| 4. evaluation and voting on resolution plan (Para 13 , 14 , 15) |
| 5. details on management and implementation of resolution plan (Para 26 , 27) |
| 6. court's approval of the resolution plan and its compliance (Para 28 , 29 , 30 , 31) |
| 7. final orders and directions regarding the resolution plan (Para 38 , 39 , 40 , 41 , 42 , 43 , 44) |
ORDER
Per: Rohit Kapoor, Member (Judicial)
1. This Court convened through hybrid mode.
Preliminary
2. I.A. (IB) No. 525/KB/2023 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. Pratap Mukherjee, Resolution Professional of Limtex (India) Limited (CIN: U01132WB1992PLC054383), 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) Regulat
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