WebResolution Plan submitted by the PRA would not in any manner, whatsoever, detract from the integrity of the Code. Section31 enables the Adjudicating Authority to act only after the resolution plan submitted by the RP is approved by the CoC, and prior to that it is the domain of the RP and COC to decide. There is no bar on WebLastly, the Appellants contended that the Resolution Plan provided by the Resolution Applicant was not in conformity with Section 30(1) of the IBC and that the NCLT ought …
NCLT approves Rs 103 crore resolution plan for NIIL Infrastructures
WebSTAGE VII: APPROVAL OF RESOLUTION PLAN. Where the resolution plan is approved by the members of the Committee of Creditors with 66% of votes, ... The Tribunal may order the corporate debtor’s liquidation if the NCLT does not approve the resolution plan or it doesn’t receive resolution plan before the expiry of CIRP period. WebVandaag · NCLT. As said in note no1 of attached Statement, Resolution plan approved by The Hon'ble NCLT vide its order dated March 31, 2024, however No accounting effects of the approved resolution plan made in the unaudited financial results for the quarter ended December 31, 2024, and year to date from 1st April 2024 to 31st December 2024 (the ... bitumen tank cleaning
NCLAT issues notices to CoC, DHFL and Piramal on 63 Moons
Web23 jul. 2024 · The National Company Law Appellate Tribunal (NCLAT) on Friday declined to stay the resolution plan of Dewan Housing Finance Corporation Ltd (DHFL) and its subsequent takeover by the successful... Web28 sep. 2024 · Seroco submitted a draft Resolution Plan on 13 March 2024 for an amount of Rs 6.79 crores (approx.). Subsequent to meetings with the Arya-CoC and revisions to the Resolution Plan, Seroco’s plan was approved by the Arya-CoC on 10 May 2024. On 15 May 2024, the Arya-RP filed the Resolution Plan for approval before the NCLT. Web13 apr. 2024 · The NCLAT held that there were no material irregularities in the resolution plan and that the 82% of shareholders who had allegedly raised objections had … bitumen surfacing perth