The appeal was preferred by DBS Bank Ltd., Singapore, a dissenting Financial Creditor, against the order dated September 4, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai. The Adjudicating Authority approved the 'resolution plan' filed by ‘Patanjali Ayurved Ltd.', ‘Divya Yog Mandir Trust', 'Patanjali Parivahan Private Ltd' and Patanjali Garmudyog Nyas' (jointly).
DBS Bank Ltd., Singapore, as a dissenting Financial Creditor, filed an appeal against the order dated September 4, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai. The Adjudicating Authority approved the 'resolution plan' filed by ‘Patanjali Ayurved Ltd.', ‘Divya Yog Mandir Trust', 'Patanjali Parivahan Private Ltd' and Patanjali Garmudyog Nyas' (jointly). The Appellant categorically stated that they never wanted to challenge the ‘resolution plan'. The appellate tribunal dismissed the appeal based on the appellant's statement.
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The Adjudicating Authority (National Company Law…
The Appellate Tribunal dismissed the appeal…
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The appeal was preferred by DBS Bank Ltd., Singapore, a dissenting Financial Creditor, against the order dated September 4, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai. The Adjudicating Authority approved the 'resolution plan' filed by ‘Patanjali Ayurved Ltd.', ‘Divya Yog Mandir Trust', 'Patanjali Parivahan Private Ltd' and Patanjali Garmudyog Nyas' (jointly).
DBS Bank Ltd., Singapore, as a dissenting Financial Creditor, filed an appeal against the order dated September 4, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai. The Adjudicating Authority approved the 'resolution plan' filed by ‘Patanjali Ayurved Ltd.', ‘Divya Yog Mandir Trust', 'Patanjali Parivahan Private Ltd' and Patanjali Garmudyog Nyas' (jointly). The Appellant categorically stated that they never wanted to challenge the ‘resolution plan'. The appellate tribunal dismissed the appeal based on the appellant's statement.
The Adjudicating Authority (National Company Law…
The Appellate Tribunal dismissed the appeal…
Sign in to view related legal provisions.