The appeals were filed by the SRA and the RP challenging the Adjudicating Authority's order refusing to approve the Resolution Plan approved by the COC, alleging the COC did not apply its commercial wisdom appropriately.
The appeals challenge the Adjudicating Authority's refusal to approve the Resolution Plan.
The appellants allege that the COC did not apply its commercial wisdom appropriately.
The Adjudicating Authority rejected the Resolution Plan because it believed the COC did not exercise its wisdom properly.
The COC has also filed a similar appeal which is pending with the Registry.
The liquidator is temporarily restrained from taking further steps.
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Appeals filed challenging the Adjudicating…
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The appeals were filed by the SRA and the RP challenging the Adjudicating Authority's order refusing to approve the Resolution Plan approved by the COC, alleging the COC did not apply its commercial wisdom appropriately.
The appeals challenge the Adjudicating Authority's refusal to approve the Resolution Plan.
The appellants allege that the COC did not apply its commercial wisdom appropriately.
The Adjudicating Authority rejected the Resolution Plan because it believed the COC did not exercise its wisdom properly.
The COC has also filed a similar appeal which is pending with the Registry.
The liquidator is temporarily restrained from taking further steps.
Appeals filed challenging the Adjudicating…
Matter post…
Sign in to view related legal provisions.