The appeals were filed against the order dated 23.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai) in IA No. 2028/2021 in CP (IB) No. 1137/MB/2017. The Appellants, Bank of Maharashtra and Central Bank of India, are secured financial creditors of Jyoti Structures Limited.
State Bank of India filed C.P. No.1137/MB/2017 against Jyoti Structures Ltd., which was admitted by the Adjudicating Authority, Mumbai.
E-voting on the Resolution Plan by the COC was held from 26.03.2018 to 27.03.2018, with 62.66% of CoC members voting in favor, 23.12% against, and 14.21% abstaining.
The Bank of Maharashtra abstained from voting, while Central Bank of India cast a dissenting vote. IDBI Trusteeship Services, Indian Bank, and Standard Chartered Bank changed their voting from Dissenting to Assenting.
On 31.07.2018, the Adjudicating Authority, Mumbai refused to approve the Resolution Plan because the CIRP period had expired and voting could not be changed.
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E-voting on the…
The appeals were filed against the order dated 23.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai) in IA No. 2028/2021 in CP (IB) No. 1137/MB/2017. The Appellants, Bank of Maharashtra and Central Bank of India, are secured financial creditors of Jyoti Structures Limited.
State Bank of India filed C.P. No.1137/MB/2017 against Jyoti Structures Ltd., which was admitted by the Adjudicating Authority, Mumbai.
E-voting on the Resolution Plan by the COC was held from 26.03.2018 to 27.03.2018, with 62.66% of CoC members voting in favor, 23.12% against, and 14.21% abstaining.
The Bank of Maharashtra abstained from voting, while Central Bank of India cast a dissenting vote. IDBI Trusteeship Services, Indian Bank, and Standard Chartered Bank changed their voting from Dissenting to Assenting.
On 31.07.2018, the Adjudicating Authority, Mumbai refused to approve the Resolution Plan because the CIRP period had expired and voting could not be changed.
…State Bank of India…
E-voting on the…