Case Law Details
Navin Khandelwal, RP of Premshree Devcon Pvt Ltd Vs Mukesh Agrawal (NCLT Indore)
1. This application is filed on 14.02.2023 under Section 30(6) of Insolvency & Bankruptcy Code, 2016 by Mr. Navin Khandelwal Resolution Professional (RP) of the corporate debtor-M/s Premshree Devcon Private Limited for approval of the Resolution Plan submitted by M/s Land Nest Developers.
2. The facts of the case as noted from the present application as well as from the records are as under:
(i) The corporate debtor was admitted in Corporate Insolvency Resolution Process (CIRP) on 26.06.2019. Mr. Navin Khandelwal was appointed as Insolvency Resolution Professional (IRP). The IRP made a public announcement of the CIRP of the corporate debtor thereby calling upon its creditors to submit their claim with requisite proof. The Committee of Creditors (CoC) was constituted with the following financial creditors having voting percentages based on their debt value as follows:
