C.I.R.P Status
Background
M/s M K Overseas Private Limited (“Corporate Debtor”) is undergoing Corporate Insolvency Resolution Process (“CIRP”) pursuant to the order passed by the Hon'ble National Company Law Tribunal, New Delhi Bench (“NCLT”) dated 19 September 2019 in C.P (IB) No. 1731/2019 under section 7 of the Insolvency and Bankruptcy Code, 2016 and Mr. Suresh Kumar Jain was appointed as the Interim Resolution Professional, who was subsequently confirmed as Resolution Professional (“erstwhile RP”).
Presently, Mr. Sapan Mohan Garg, IBBI Registration Number- IBBI/IPA/-002/IP-N00315/2017-18/1090 who has been appointed by the Hon’ble National Company Law Appellate Tribunal, New Delhi, vide its dated 09 February 2023, is acting as the Resolution Professional (RP) of the Corporate Debtor.
Status of the application (IA/5534/2020) for approval of the resolution plan
- The Committee of Creditors (“CoC”) in its 20th meeting on 27 November 2020, approved the Resolution Plan of M/s Exclusive Motors Pvt. Ltd.
- The erstwhile RP filed application (IA/5534/2020) under Section 30(6) for approval of the Resolution Plan before the Hon’ble NCLT.
- The Hon'ble NCLT vide its order dated 08 July 2024 (order received on 09 July 2024), has disposed of the said application by sending the matter back to the CoC for reconsideration.