Just a moment...

Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

2022 (6) TMI 868

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ith Rule 11 of the National Company Law Tribunal Rules, 2016 by the M/s. SNJ Distillers Private Limited, the successful Resolution Applicant in the matter of M/s. Empee Distilleries Limited, (hereinafter referred to as 'Corporate Debtor') seeking following reliefs: a) Declare that the documents morefully contained in Schedule 1 to 7 as lost and consequently; b) Direct the 2nd Respondent to register this order and issued certified copies of documents mentioned in Schedule 1 to this Application, which may be treated like original documents for all future purposes; c) Direct the 3rd Respondent to register this order and issued certified copies of documents mentioned in Schedule 2 to this Application, which may be treated like ori....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s appointed as Resolution Professional of the Corporate Debtor by the Committee of Creditors (COC) in its meeting held on 27.11.2018 which was duly approved by this Tribunal vide its order dated 13.12.2018 passed in MA/654/IB/2018. 3. The 1st Applicant submitted its Resolution Plan which was placed before the 8th meeting of CoC held on 17th and 18th July 2019 and the Resolution Plan amount was Rs. 475.04 crore. The CoC unanimously approved the Resolution Plan submitted by the 2nd Respondent herein and same was submitted before this Tribunal vide application No. MA/780/IB/2019. This Tribunal considered the said Resolution Plan of the 2nd Respondent and approved the same vide its order dated 20.01.2020. In accordance with the approved Resolu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....enal interest of 1% p.a. to the bankers which causes grave loss and prejudice to the Applicants. 6. The Learned Counsel for the Applicants also bring to the notice of this Tribunal the relevant clauses 3.1: 'Terms of the Resolution Plan' and Clause 7; 'Post Approval Actions' contained in the Resolution Plan and submitted that in the interest of justice and in the interest of completing the implementation of the resolution plan, the documents i.e. title deeds morefully mentioned in the schedule are permitted to be reconstructed. In view of his above submissions, he prayed that the application be allowed and necessary directions are to be issued to the 2nd to 8th Respondents. 7. We have heard the submissions made on behalf o....