The case involves an appeal against an order by the Adjudicating Authority approving a Resolution Plan. The Adjudicating Authority had raised concerns regarding the valuation of assets, confidentiality clauses, and the number of authorized representatives for the applicant in the Committee of Creditors (CoC) meetings. The Adjudicating Authority requested IBBI to examine these issues.
The Resolution Professional of Videocon Group Companies, Abhijit Guhathakurta, filed an appeal against an order of the Adjudicating Authority. The Adjudicating Authority approved the Resolution Plan but raised concerns about the valuation of assets of the 13 companies, the confidentiality of liquidation and fair market values shared with the CoC members, and the high number of authorized representatives from Deloitte Touche Tohmastsu India LLP attending CoC meetings. The Adjudicating Authority requested IBBI to examine these issues. The Resolution Professional, feeling aggrieved by the remarks, filed an appeal seeking to expunge those remarks. The CoC meetings had a large number of representatives from Deloitte Touche Tohmastsu India LLP, which raised questions about
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The case involves an appeal against an order by the Adjudicating Authority approving a Resolution Plan. The Adjudicating Authority had raised concerns regarding the valuation of assets, confidentiality clauses, and the number of authorized representatives for the applicant in the Committee of Creditors (CoC) meetings. The Adjudicating Authority requested IBBI to examine these issues.
The Resolution Professional of Videocon Group Companies, Abhijit Guhathakurta, filed an appeal against an order of the Adjudicating Authority. The Adjudicating Authority approved the Resolution Plan but raised concerns about the valuation of assets of the 13 companies, the confidentiality of liquidation and fair market values shared with the CoC members, and the high number of authorized representatives from Deloitte Touche Tohmastsu India LLP attending CoC meetings. The Adjudicating Authority requested IBBI to examine these issues. The Resolution Professional, feeling aggrieved by the remarks, filed an appeal seeking to expunge those remarks. The CoC meetings had a large number of representatives from Deloitte Touche Tohmastsu India LLP, which raised questions about
…The date the o…
Date of the order…
Sign in to view related legal provisions.