NCLT approves Resolution Plan of Jain Shoppers Private Limited

Ashok Kumar Jhunjhunwala Vs Jain Shoppers Private Limited (NCLT Kolkata)

1. This Court convened through video conferencing.

Preliminary

2. I. A. (IB) No. 1666/KB/2022 is an application under section 30(6) of the Insolvency and Bankruptcy Code, 2016, after approval of the resolution plan by the Committee of Creditors (CoC).

3. This application was filed by Mr. Sudipta Ghosh, Resolution Professional of Jain Shoppers Private Limited (CIN: U51909WB2010PTC154672), by invoking the provisions of section 30(6) of the Insolvency and Bankruptcy Code, 2016[³ 3h CHLI ‘ HG ³ IB&’L read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (³ CIRP Regulations‘) for approval of a Resolution Plan in respect of Jain Shoppers Private Limited (³ Corporate Debtor‘).

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