The resolutions put to vote were not approved with requisite majority by the CoC

The undersigned would like to inform you that an application has been filed before the NCLT, Mumbai Bench, seeking an approval of the Resolution Plan under Section 30(6) read with Section 31 of the Code, read with Regulation 39 of the CIRP Regulations. The said application is yet to be listed for first hearing.

The e-voting of the Twenty-First Meeting of the CoC of the Corporate Debtor was concluded at 5.00 PM on August 18, 2023. The following resolutions were put for e-voting, however, the same did not get requisite majority of the CoC: 1. To approve the estimated liquidation cost of the Corporate Debtor for a period of 1 year amounting to Rs. 95.00 Lakh and the contribution plan of the said estimated net liquidation cost by the CoC members, in terms ....

The Nineteenth Meeting of CoC of the Corporate Debtor was concluded at 5. 00 PM on August 18, 2023. Further, the following resolutions were put for voting and the same were approved with requisite majority by the CoC: 1. Distribution of resolution plan submitted by one of the resolution applicant as non-responsive and subsequent forfeiture of the Earnest Money Deposit submitted by them; 2. Declaration of Resolution Plan Proceeds amongst the Financial ....

The Twenty-Second Meeting of the CoC of the Corporate Debtor was held on June 20, 2023. Further, we wish to inform the Exchange that the CoC has decided and approved the following agenda item: 1. Corporate Insolvency Resolution Process of the Corporate Debtor be extended by a period of 30 days from June 25, 2023, and thereby, directed the Resolution Professional to file an appropriate application before ....

The Twenty-First Meeting of the CoC of the Corporate Debtor was held on June 16, 2023. Further, we wish to inform the Exchange that the CoC has decided to E-Vote on the agenda item as mentioned below: 1. Matter of meeting the Liquidation Cost, Assessment of Sale as a going concern and Liquidator Fees in terms of Regulation 39B, 39C and 39D of the CIRP Regulations respectively, subject to Corporate Debtor undergoing ....

The Twentieth Meeting of the CoC of the Corporate Debtor was held on June 13, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Evaluation of the Resolution Plan(s) as per the approved Evaluation Matrix in terms of the CIRP Regulations.

The Nineteenth Meeting of the CoC of the Corporate Debtor was held on June 06, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting has decided to E-Vote on the following matters: 1. The declaration of the resolution plan of one of the Resolution Applicant(s) as non-responsive and the subsequent forfeiture of the Earnest Money Deposit; 2. The Compliant Resolution Plan(s) in terms of Section ....

The Eighteenth Meeting of the CoC of the Corporate Debtor was held on June 02, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion on the Resolution Plan(s) received from the Resolution Applicant(s) and decide further course of action in relation thereto.

The Seventeenth Meeting of the CoC of the Corporate Debtor was held on May 31, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion and negotiation on the Resolution Plan(s) received from the Resolution Applicant(s) and decide further course of action in relation thereto.

The Sixteenth Meeting of the CoC of the Corporate Debtor was held on May 25, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion and negotiation on the Resolution Plan(s) received from the Resolution Applicant(s) and decide further course of action in relation thereto.

The Fifteenth Meeting of the CoC of the Corporate Debtor was held on May 18, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion on the Resolution Plan(s) received from the Resolution Applicant(s) and further course of action.

The Fourteenth Meeting of the CoC of the Corporate Debtor was held on May 15, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Placing and opening of the seal of the Resolution Plan(s) that have been received from the 4 (four) Resolution Applicant(s). You are requested to take the above information on record.

The Applicant would like to inform you that the e-voting for the Thirteenth Meeting of the CoC of the Corporate Debtor was concluded at 8:00 PM on April 21, 2023. Further, in accordance with the Regulation 26 of the Insolvency & Bankruptcy Board of India (Insolvency Resolution for Corporate Persons) Regulations, 2016 ('CIRP Regulations'), the following resolutions has been approved by the CoC with the requisite majority: 1. Ratification of cost ....

In accordance with the Regulation 26 of the Insolvency & Bankruptcy Board of India (Insolvency Resolution for Corporate Persons) Regulations, 2016 ('CIRP Regulations'), the following resolution has been approved by the CoC with the requisite majority: 1. The closure of the ongoing resolution plan process and re-running a fresh resolution plan process inviting for fresh expression of interest from the prospective ....

The CoC of the Corporate Debtor was held, wherein, the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion on the Valuation Report, further information received and the way forward; 2. Discussion on the Resolution Plan(s) received from the Resolution Applicant(s) and further course of action.

We would like to inform that the Tenth Meeting of the CoC of the Corporate Debtor was held on March 20, 2023, wherein, the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion on the Valuation Report received from the Two Registered Valuers; 2. Discussion on the Resolution Plan(s) received from the Resolution Applicant(s) and further course of action.

The Ninth Meeting of the CoC of the Corporate Debtor was held on March 16, 2023, wherein the CoC at its said meeting inter-alia mainly considered the following matter: 1. Discussion on the Transaction Audit Report dated February 27, 2023; 2. Discussion on the Resolution Plan(s) received from the Resolution Applicant(s) and further course of action.

The Eighth Meeting of the CoC of the Corporate Debtor was held on March 06, 2023. Further, we wish to inform the Exchange that the CoC at its said meeting inter-alia mainly considered the following matter: 1. Placing and opening of the seal of the Resolution Plan(s) that were received from the 3 (three) Resolution Applicant(s).

Pursuant to Regulation 30(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR') and in accordance with the requirements of sub-clause 16(g) of Para A of Part A of Schedule III of LODR, the undersigned would like to inform you that the e-voting for the Seventh Meeting of the CoC of the Corporate Debtor was concluded at 8:00 PM on February 21, 2023. Further, in accordance with the ....