The case involves I.A. No. 1857 of 2019 in Company Appeal (AT)(Ins) No. 536 of 2019 before the National Company Law Appellate Tribunal (NCLAT). The matter pertains to IDBI Bank Limited as the appellant and Mr. Anuj Jain, IRP, and Jaypee Infratech Ltd. as the respondents. The order addresses the voting process and the placement of the Committee of Creditors' decision before the Appellate Tribunal.
IDBI Bank Limited filed I.A. No. 1857 of 2019 in Company Appeal (AT)(Ins) No. 536 of 2019. The case is before the National Company Law Appellate Tribunal (NCLAT). The respondents are Mr. Anuj Jain, IRP, and Jaypee Infratech Ltd. The court is addressing the voting process among financial creditors. The decision of the Committee of Creditors is to be placed before the NCLAT by the Resolution Professional, instead of the NCLT. The voting percentage of absent financial creditors should not be counted. The case was placed 'for orders' along with 'Interlocutory Application' on July 2, 2019.
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The tribunal addressed the voting process…
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The case involves I.A. No. 1857 of 2019 in Company Appeal (AT)(Ins) No. 536 of 2019 before the National Company Law Appellate Tribunal (NCLAT). The matter pertains to IDBI Bank Limited as the appellant and Mr. Anuj Jain, IRP, and Jaypee Infratech Ltd. as the respondents. The order addresses the voting process and the placement of the Committee of Creditors' decision before the Appellate Tribunal.
IDBI Bank Limited filed I.A. No. 1857 of 2019 in Company Appeal (AT)(Ins) No. 536 of 2019. The case is before the National Company Law Appellate Tribunal (NCLAT). The respondents are Mr. Anuj Jain, IRP, and Jaypee Infratech Ltd. The court is addressing the voting process among financial creditors. The decision of the Committee of Creditors is to be placed before the NCLAT by the Resolution Professional, instead of the NCLT. The voting percentage of absent financial creditors should not be counted. The case was placed 'for orders' along with 'Interlocutory Application' on July 2, 2019.
An earlier order was…
The tribunal addressed the voting process…
Sign in to view related legal provisions.