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Gogia Leasing vs JBO Globeworld: NCLT Delhi Approves Resolution Plan
Case Law Details
- Case Name
- Gogia Leasing Limited Vs JBO Globeworld LLP (NCLT Delhi)
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- NCLT
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Gogia Leasing Limited Vs JBO Globeworld LLP (NCLT Delhi)
Introduction: The National Company Law Tribunal (NCLT) Delhi recently approved the resolution plan submitted by Mr. Hemant Jindal for JBO Globeworld LLP. The application, filed under the Insolvency & Bankruptcy Code, sought approval for the plan that secured unanimous support from the Committee of Creditors (CoC).
Detailed Analysis:
1. Initiation of Corporate Insolvency Resolution Process (CIRP):
The CIRP against JBO Globeworld LLP began on 22.07.2022, with Mr. Sanjay Garg appointed as the Resolution Professional (RP).
The COC, comp...
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