This is a Company Appeal (AT) (Ins.) No. 219 of 2019 before the National Company Law Appellate Tribunal (NCLAT) in New Delhi. The appeal involves the Committee of Creditors of Amtek Auto Ltd. through Corporation Bank as the appellant and Dinkar T. Venkatasubramanian & Ors. as the respondents. The case concerns a resolution plan approved in favor of 'Liberty House Group' (Corporate Debtor) that has not been complied with.
The Committee of Creditors of Amtek Auto Ltd., represented by Corporation Bank, filed an appeal against Dinkar T. Venkatasubramanian & Ors. The appeal concerns a 'resolution plan' approved in favor of 'Liberty House Group' (Corporate Debtor), which has allegedly not been complied with. Mr. Gyanendra Kumar, representing ‘Deccan Value Investors, LP' (DVI), who was a ‘resolution applicant’ but had withdrawn the ‘resolution plan', sought to intervene. Mr. Sumesh Dhawan also sought to intervene on behalf of ‘Shareholders/Members' of the 'Corporate Debtor'. The court allowed both advocates two weeks to file intervention applications. The court also directed that the Committee of Creditors not approve any other plan pursuant to the impugned order dated 15th February,
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Date of the impugned order that the Committee…
Mr. Gyanendra Kumar sought to intervene on…
This is a Company Appeal (AT) (Ins.) No. 219 of 2019 before the National Company Law Appellate Tribunal (NCLAT) in New Delhi. The appeal involves the Committee of Creditors of Amtek Auto Ltd. through Corporation Bank as the appellant and Dinkar T. Venkatasubramanian & Ors. as the respondents. The case concerns a resolution plan approved in favor of 'Liberty House Group' (Corporate Debtor) that has not been complied with.
The Committee of Creditors of Amtek Auto Ltd., represented by Corporation Bank, filed an appeal against Dinkar T. Venkatasubramanian & Ors. The appeal concerns a 'resolution plan' approved in favor of 'Liberty House Group' (Corporate Debtor), which has allegedly not been complied with. Mr. Gyanendra Kumar, representing ‘Deccan Value Investors, LP' (DVI), who was a ‘resolution applicant’ but had withdrawn the ‘resolution plan', sought to intervene. Mr. Sumesh Dhawan also sought to intervene on behalf of ‘Shareholders/Members' of the 'Corporate Debtor'. The court allowed both advocates two weeks to file intervention applications. The court also directed that the Committee of Creditors not approve any other plan pursuant to the impugned order dated 15th February,
…Date of the impugned order that the Committee…
Mr. Gyanendra Kumar sought to intervene on…