ORDER

(Per: Bench)

1. IA/156/AHM/2022 is an application filed U/s 30(6) & 31 of IBC read with Regulation 39(4) of the Insolvency Resolution Regulations, 2016 by the Resolution Professional of the Decent Laminate Private Limited (Corporate Debtor) seeking the following prayers:-

a. To allow the present application:

b. To approve the Resolution Plan (read with its addendums / Clarification of M/s Rare Asset Reconstruction Limited;

c. Declare that the Resolution Plan to be binding upon all the stakeholders including the government bodies;

d. Discharge the applicant from the office of the Resolution Professional and appoint the “implementation and Monitoring Committee” to supervise the implementation of the approved resolution plan.

e. Pass any other order(s) that this Hon‟ble Adjudicating Authority deems fit in the interest of justice.

2. It is stated that CIRP was ordered in CP(IB) No.387/AHM/2020 titled Royal Synthetics Vs. Decent Laminate Pvt. Ltd. filed under Section 9 of IBC, 2016, vide order dated 03.05.2021, and the applicant herein was appointed as the IRP in the matter.

3. It is stated that public announcement was made in Form-A in The Financial Express (English and Gujarati) and on w