Latest - TMI e-Newsletter
New User/ Regiser
2022 (6) TMI 495 - Insolvency & Bankruptcy
Head Note / Extract:
Violation of intellectual property and proprietary rights - injunction restraining the Respondent, its agents, servants and any and all persons acting for and through them from manufacturing, repairing and supplying any and all products/parts of ReGen make WTGs in the Indian Subcontinent - direction to Respondent to hand over to the Applicant any and all purchase orders, invoices, work orders etc. raised for the purpose of manufacture and supply of goods and services to third parties for use in ReGen make WTGs - HELD THAT:- The CIRP was initiated against the Corporate Debtor in IBA/1099/2019, viz. Regen Powertech Private Limited on 09.12.2019 and Mr. Ebenezer Inbaraj was appointed as Resolution Professional. It is placed on record that Resolution Plan in respect of the said Corporate Debtor was approved by this Adjudicating Authority vide order dated 01.02.2022 in IA/460/2021 in IBA/1099/2019 and the approved plan is now in the implementation stage. This Adjudicating Authority has approved the Resolution Plan submitted in respect of Regen Powertech Private Limited on 01.02.2022, in the event of approval of the resolution plan all the prayers sought above turned infructuous and nothing survives in these applications - Application dismissed.