Committee of Creditors of Educomp .... Respondents Solutions Limited & Anr. With Civil Appeal No. 3560 of 2020 Kundan Care Products Limited .... Appellant Versus Mr Amit Gupta and Ors. .... Respondents With Civil Appeal No. 295 of 2021 Seroco Lighting Industries Private Limited .... Appellant Versus Signature Not Verified Digitally signed by Ravi Kapoor RP for Arya Filaments Sanjay Kumar Date: 2021.09.13 12:43:15 IST .... Respondents Private Limtied & Ors. Reason: 1 JUDGMENT Dr Dhananjaya Y Chandrachud, J This judgment has been divided into sections to facilitate analysis. Further, a Glossary of defined terms which have been used throughout the judgment has also been provided. The sections in the judgment are as follows: Glossary ............................................................................................................ 5 A Civil Appeal No 3224 of 2020 – the Ebix Appeal ...................................... 11 A.1 The appeal .......................................................................................... 11 A.2 Initiation of CIRP ................................................................................. 11 A.3 Invitation, submission and approval of Resolution Plan...................... 12 A.4 Investigations into financial transactions of Educomp ........................ 15 A.5 Applications for withdrawal of the Resolution Plan ............................. 20 A.6 Orders of NCLT and NCLAT ............................................................... 24 A.7 Present status of SFIO and CBI investigation ..................................... 28 B Civil Appeal No 3560 of 2020 – the Kundan Care Appeal ........................ 29 B.1 The appeal .......................................................................................... 29 B.2 Initiation of CIRP ................................................................................. 30 B.3 Invitation, submission and approval of Resolution Plan...................... 31 B.4 Astonfield’s dispute with GUVNL ........................................................ 32 B.5 Withdrawal of the Resolution Plan ...................................................... 35 2 C Civil Appeal No 295 of 2021 – the Seroco Appeal .................................... 43 C.1 The appeal .......................................................................................... 43 C.2 Initiation of CIRP ................................................................................. 44 C.3 Submission and Approval of Resolution Plan ..................................... 44 C.4 Modification of the Resolution Plan ..................................................... 45 D Submissions of counsel in the Ebix Appeal .............................................. 48 D.1 Submissions for the appellant ............................................................. 48 D.2 Submissions for the first respondent ................................................... 56 D.3 Submissions for the second respondent ............................................. 64 E Submissions of counsel in the Kundan Care Appeal ................................ 68 E.1 Submissions for the appellant ............................................................. 68 E.2 Submissions for the first respondent ................................................... 76 E.3 Submissions for the second respondent ............................................. 78 F Submissions of counsel in the Seroco Appeal .......................................... 80 F.1