This is to inform you that the 19th Meeting of Committee of Creditors (CoC) was held on 04th June, 2019.
In the said meeting the Resolution Plan of H1 qualified Resolution Applicant i.e. Som Distilleries Pvt. Ltd. was put to vote by COC members and the same was not approved by 100% voting share.
The next resolution plan which complied with the conditions of Section 30(2) of the Code being H2 i.e. Kals Distilleries Pvt Ltd was put to vote. The Resolution Plan of H2 qualified Resolution Applicant i.e. Kals Distilleries Pvt. Ltd. was approved by 100% voting share of COC members under Section 30(4) of the Insolvency and Bankruptcy Code, 2016.
Further the Committee of Creditors instructed the Resolution Professional to file an appropriate appli…
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