Hon'ble #SupremeCourt  recently observed that "the provision to constitute a Monitoring Committee, once the plan has been approved, for a smooth handover of the Corporate Debtor to the Successful Resolution Applicant, is absent in the #IBC and it is the #NCLT that orders for the constitution of a Monitoring Committee. Such a Monitoring Committee would be entrusted with the powers of monitoring and supervising the resolution plan till the expiry of the term of the Resolution Plan. The Committee shall also be required to ensure all statutory compliances during the implementation of the plan along with updating the Adjudicating Authorities, Financial and other Creditors about the status of implementation of the Resolution Plan, on a quarterly basis."

#jaypeeinfratech #homebuyers #savejilhbs #savejpwishtown expect and hope that @IBBIlive  @MCA21India @FinMinIndia @SurakshaGroup_  shall support the application filed by @iwantmyhome_in  on the aspect of constituting a monitoring committee as the framework aims to ensure complete and timely implementation of the Resolution Plan while protecting interests of all stakeholders, particularly homebuyers awaiting delivery of their homes. The mechanism fulfils the  objective of #IBC to protect the interests of all stakeholders.

@MLJ_GoI @PMOIndia @LokSabhaSectt #CJI #justicesanjivkhanna #PresidentNCLT @CMOfficeUP @myogioffice @ChiefSecy_UP @IasAlok  @CeoYeida @IIDGoUP  

 Shri @narendramodi Ji Shri @myogiadityanath ji

@anujvjain  #ceoabhijitgohil #jashpanchamia @ITIGroup_India #sudhirvalia

@toi @adityadevTOI @htTweets @vinodrajputs @IndianExpress @dheerajmishra04 @JhaNeetika12 @JagranNews @Pravendra_Sikar @AmarUjalaNews @sushilpandey11 @PTI_News @MANVENDRAJHA @EconomicTimes @KailashBabar_ @MoneylifeIndia @suchetadalal  @moneycontrolcom @18RahulJoshi  @Network18Group @AkashSinha_IND  @manishanataraj @thecaravanindia @SauravDassss @thewire_in @AJEnglish 

#NationalVotersDay #MahaKumbh2025
#SupremeCourt #IBC #NCLT