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NATIONAL COMPANY LAW TRIBUNAL
Sunil Kumar Aggarwal, Judicial Member, Radhakrishna Sreepada, Technical Member
MR. ALOK KAILASH SAKSENA – Appellant
Versus
ASSOCIATE DECOR LIMITED – Respondent
| Table of Content |
|---|
| 1. rp seeks coc-approved resolution plan approval under section 30(6). (Para 1 , 2) |
| 2. sra's credentials and sector experience established. (Para 3) |
| 3. resolution plan features payouts, implementation, funding detailed. (Para 4) |
| 4. procedural compliances and stakeholder details verified. (Para 5 , 6 , 7 , 8 , 9 , 10 , 11) |
| 5. section 30(2) and regulation 38 compliances examined. (Para 12 , 13) |
| 6. coc commercial wisdom upheld; objections rejected. (Para 14) |
| 7. plan approved; implementation directions issued. (Para 15 , 16) |
IN THE NATIONAL COMPANY LAW TRIBUNAL BENGALURU BENCH (Exercising powers of Adjudicating Authority under The Insolvency and Bankruptcy Code, 2016)
I.A. NO. 161/2020 IN C.P. (IB) NO. 51/BB/2018 (filed under Section 30(6) of the Insolvency & Bankruptcy Code, 2016 read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons)
Regulations, 2016)
IN THE MATTER OF I.A NO. 161/2020 M/S ASSOCIATE DECOR LIMITED represented by its Resolution Professional, MR. ALOK KAILASH SAKSENA Having his Registered office at 3rd Floor, Reegus Business Centre, 1st Floor, Laxmi Building, SIR P M Road, Fort, Mumbai, Maharashtra – 400001 …. Resolution Profes
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