The appeal was filed against the order dated 10th February 2023, by which the Adjudicating Authority approved the Resolution Plan of Sintex Industries Ltd. The appellant, a shareholder of the Corporate Debtor, challenged the approval of the Resolution Plan by the Adjudicating Authority.
The appellant, Brijesh Singh Bhadauriya, a shareholder of Sintex Industries Ltd., filed an appeal against the order of the Adjudicating Authority approving the Resolution Plan for Sintex Industries Ltd. The appellant argued that the IRP had not conducted the insolvency process in accordance with the Insolvency and Bankruptcy Code, 2016, and that several illegalities were committed. The Committee of Creditors (CoC) had initially decided to change the IRP but subsequently reverted to the original IRP. The appellant also referred to a previous order of the Tribunal dated 24th November 2021, where it was observed that the Corporate Insolvency Resolution Process (CIRP) was not required to be proceeded with. The Tribunal noted that the appellant was a shareholder and not
…Sign in to view the parties.
The Adjudicating…
The Tribunal passed an order observing that the…
Sign in to view related legal provisions.
The appeal was filed against the order dated 10th February 2023, by which the Adjudicating Authority approved the Resolution Plan of Sintex Industries Ltd. The appellant, a shareholder of the Corporate Debtor, challenged the approval of the Resolution Plan by the Adjudicating Authority.
The appellant, Brijesh Singh Bhadauriya, a shareholder of Sintex Industries Ltd., filed an appeal against the order of the Adjudicating Authority approving the Resolution Plan for Sintex Industries Ltd. The appellant argued that the IRP had not conducted the insolvency process in accordance with the Insolvency and Bankruptcy Code, 2016, and that several illegalities were committed. The Committee of Creditors (CoC) had initially decided to change the IRP but subsequently reverted to the original IRP. The appellant also referred to a previous order of the Tribunal dated 24th November 2021, where it was observed that the Corporate Insolvency Resolution Process (CIRP) was not required to be proceeded with. The Tribunal noted that the appellant was a shareholder and not
…The Adjudicating…
The Tribunal passed an order observing that the…
Sign in to view related legal provisions.