The case involves an appeal against a direction by the Adjudicating Authority (National Company Law Tribunal, Mumbai bench) to the ‘Committee of Creditors' to consider a fresh Resolution Plan from M/s. Omkara Assets Reconstruction Private Limited. This direction was given while the Resolution Plan submitted by the Appellant (Asset Reconstruction Company (India) Ltd.) and approved by the ‘Committee of Creditors' was pending approval before the Adjudicating Authority. The Appellant is a Successful Resolution Applicant.
Asset Reconstruction Company (India) Ltd. (the Appellant) submitted a Resolution Plan that was approved by the ‘Committee of Creditors'. This plan was pending approval before the Adjudicating Authority (National Company Law Tribunal, Mumbai bench). Simultaneously, M/s. Omkara Assets Reconstruction Private Limited (Respondent No. 2) submitted a fresh Resolution Plan. The Adjudicating Authority directed the ‘Committee of Creditors' to consider this fresh plan. The Appellant, being a Successful Resolution Applicant, appealed against this direction. The Appellant sought exemption from producing a certified copy of the order because it was not available on the Adjudicating Authority's website. The ‘Committee of Creditors' had previously rejected Omkara Assets Reconstruction
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The Adjudicating Authority (National Company…
The court issued an order exempting the…
The case involves an appeal against a direction by the Adjudicating Authority (National Company Law Tribunal, Mumbai bench) to the ‘Committee of Creditors' to consider a fresh Resolution Plan from M/s. Omkara Assets Reconstruction Private Limited. This direction was given while the Resolution Plan submitted by the Appellant (Asset Reconstruction Company (India) Ltd.) and approved by the ‘Committee of Creditors' was pending approval before the Adjudicating Authority. The Appellant is a Successful Resolution Applicant.
Asset Reconstruction Company (India) Ltd. (the Appellant) submitted a Resolution Plan that was approved by the ‘Committee of Creditors'. This plan was pending approval before the Adjudicating Authority (National Company Law Tribunal, Mumbai bench). Simultaneously, M/s. Omkara Assets Reconstruction Private Limited (Respondent No. 2) submitted a fresh Resolution Plan. The Adjudicating Authority directed the ‘Committee of Creditors' to consider this fresh plan. The Appellant, being a Successful Resolution Applicant, appealed against this direction. The Appellant sought exemption from producing a certified copy of the order because it was not available on the Adjudicating Authority's website. The ‘Committee of Creditors' had previously rejected Omkara Assets Reconstruction
…The Adjudicating Authority (National Company…
The court issued an order exempting the…