Appearances:

For Applicant/RP : Adv. Kunal Kanungo, Adv. Tanushree Sogani, Adv. Athishay Jain.

Per: Lakshmi Gurung, Member (Judicial)

1. The caption I.A. 68/2024 has been filed by the Resolution Professional of M/s. Dhruvi Properties Private Limited (Corporate Debtor) under section Section 30 (6) of the Insolvency and Bankruptcy Code, 2016 (Code) read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, (CIRP Regulations) 2016 seeking approval of the Resolution Plan submitted by M/s Gajra Real Estate Private Limited. The prayers are extracted below:

a) To allow the present Application;

b) To approve the Resolution Plan of Gajra Real Estate Private Limited i.e., Successful Resolution Applicant as approved by the Committee of Creditors with 100% votes in the 5^th CoC meeting dated 13.07.2024; and c) To pass such other and further orders as this Tribunal may deem fit and appropriate in the facts and circumstances of the present case.

Brief Facts

2. Commencement of Corporate Insolvency Resolution Process The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 15.12.2023 under Section 7 of the Code