the date. As such another Form G was issued on 03.01.2022, to see that more people could participate in the resolution process, which would in turn maximize the value of resolution of the Corporate Debtor. Five additional prospective bidders had shown interest, but only four submitted their EoIs. The provisional list of prospective resolution applicants was issued on 20.01.2022. Altogether 13 CoC meetings were conducted by the time of filing this Application. Only one Resolution Plan from RKG Fund was received on 26.05.2022, which was placed before the CoC in its 8th CoC meeting. The CoC Members requested to send a copy of the Plan to them in order to look at the same and discuss with their internal teams. Thereafter, the applicant called the 9th CoC meeting on 09.08.2022. The Plan was discussed at length and was found to be not feasible and viable by the members of the CoC, hence the same was rejected in 10th CoC meeting. The Applicant called for 12th CoC meeting with an intention to further negotiate with the Resolution Applicant, but even after detailed discussion, no further improvement was made in the Resolution Plan. In the 11th CoC meeting, while advising to file application for exclusion of 60 days, it was discussed that although the company is nonoperational for last two years and that almost all the assets of the company have been disposed of and currently no substantial movable and immovable assets left in the company, there are several litigation and
