Corporation Bank filed an appeal against an order dated September 17, 2019. The appeal was filed with a delay of more than 49 days. The appellate tribunal considered whether the delay could be condoned under Section 61(2) of the Insolvency and Bankruptcy Code (I&B Code).
Corporation Bank filed an appeal against an order dated September 17, 2019. The appeal was delayed by more than 49 days. The relevant portion of the impugned order states that MA(IB) 910/KB/2019 was filed by Corporation Bank to pursue direction to the RP to consider its claim. A dissenting creditor filed against the approval of the plan, but the plan is already implemented. The dissenting creditor has to file appeal only against the approval of the plan. It is not maintainable, hence stands dismissed and disposed off.
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Order passed…
Appeal filed by…
Corporation Bank filed an appeal against an order dated September 17, 2019. The appeal was filed with a delay of more than 49 days. The appellate tribunal considered whether the delay could be condoned under Section 61(2) of the Insolvency and Bankruptcy Code (I&B Code).
Corporation Bank filed an appeal against an order dated September 17, 2019. The appeal was delayed by more than 49 days. The relevant portion of the impugned order states that MA(IB) 910/KB/2019 was filed by Corporation Bank to pursue direction to the RP to consider its claim. A dissenting creditor filed against the approval of the plan, but the plan is already implemented. The dissenting creditor has to file appeal only against the approval of the plan. It is not maintainable, hence stands dismissed and disposed off.
Order passed…
Appeal filed by…