Back
NATIONAL COMPANY LAW TRIBUNAL
MR. MANNI SANKARIAH SHANMUGA SUNDARAM, HON’BLE MEMBER (JUDICIAL), DR. BINOD KUMAR SINHA, HON’BLE MEMBER (TECHNICAL)
Realiable Finance Corpn Pvt Ltd – Appellant
Versus
Nature India Communique Ltd – Respondent
| Table of Content |
|---|
| 1. corporate insolvency resolution process initiated against corporate debtor. (Para 2) |
| 2. resolution proposal evaluated by committee of creditors. (Para 3 , 5) |
| 3. legal compliance and supervision of resolution plan. (Para 4 , 12) |
| 4. need for compliance with laws in resolution plans. (Para 17 , 24) |
| 5. resolution plan rejected for violating statutory provisions. (Para 28 , 29) |
ORDER
PER: DR. BINOD KUMAR SINHA, MEMBER (TECHNICAL)
The present application has been filed under Section 30 (6) read with Section 31 of the Insolvency & Bankruptcy Code, 2016, (‗Code‘) read with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (‗Regulations‘) on behalf of Mr. Mohd. Nazim Khan, Resolution Professional of the Corporate Debtor (‗applicant‘), seeking approval of the Resolution Plan submitted by M/s. Lovely Securities Private Limited (‗Successful Resolution Applicant‘).
CIRP: FACTS IN BRIEF
2. The facts as averred by the applicant in the application are stated in brief as follow:
a) The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, M/s. Nature India Communiqu
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
