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NATIONAL COMPANY LAW TRIBUNAL
Labh Singh, Judicial Member, Rekha Kantilal Shah, Technical Member
MR. JITENDRA LOHIA – Appellant
Versus
MULTIPLE HOTELS PRIVATE LIMITED – Respondent
| Table of Content |
|---|
| 1. rp seeks approval of resolution plan (Para 1 , 2 , 3) |
| 2. cirp initiation and coc constitution (Para 4 , 5 , 6) |
| 3. eoi and resolution plan invitations extended (Para 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17) |
| 4. resolution plan approved by coc unanimously (Para 18 , 19 , 20 , 21) |
| 5. compliance with ibc and cirp regulations (Para 22 , 23 , 24 , 25) |
| 6. resolution plan details and creditor payouts (Para 26 , 27 , 28 , 29) |
| 7. no preferential transactions identified (Para 30 , 31 , 32 , 33 , 41) |
| 8. court verifies plan viability and compliance (Para 34 , 35 , 36 , 37 , 38 , 39 , 40 , 42 , 44) |
| 9. statutory approvals within one year (Para 45 , 46 , 47) |
| 10. unclaimed claims extinguished post-approval (Para 48 , 49 , 50 , 51 , 52) |
| 11. personal guarantees remain enforceable (Para 53 , 54 , 55) |
| 12. section 32a protects new management (Para 56 , 57) |
| 13. resolution plan approved with conditions (Para 58 , 59 , 60 , 61) |
Per: Rekha Kantilal Shah, Member (Technical)
1. This Application has been preferred by the Mr. Jitendra Lohia, Resolution Professional (‘RP’) of the Corporate Debtor, Multiple Hotels Private Limited under section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016
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