The application for initiating Corporate Insolvency Resolution Process (“CIRP”) against PMT Machines Ltd. was admitted by hon’ble NCLT vide its order dated 22nd October 2018.
Mr. Ram Ratan Kanoongo having Registration No. IBBI/IPA- 001/IP-P00070/2017-18/10156 was appointed as Interim Resolution Professional (IRP), and thereafter confirmed as Resolution Professional (RP) by the Committee of Creditors (CoC).
Resolution Plan was received from various Resolution Applicants (RAs). The CoC approved one of the Resolution Plans on 9th Aug 2021. The same was submitted for acceptance by hon’ble NCLT on 11th Aug 2021.