The case involves an appeal filed against an order dated 2022-08-01 by the Adjudicating Authority, which admitted an application under Section 7. The appeal was heard by the Tribunal on 2022-09-07, during which notices were issued, and an interim order was passed stating that the resolution plan should not be put to vote without the court's leave.
An appeal was filed against the Adjudicating Authority's order from 2022-08-01, which admitted an application under Section 7. The Tribunal heard the appeal on 2022-09-07 and issued an interim order preventing the resolution plan from being voted on without the court's permission. The appellant then sought to withdraw the appeal. The Resolution Professional stated that the plan was received on 2023-01-08, but the interim order prevented a vote. The appellant requested a 74-day exclusion from the CIRP timeline, starting from 2023-01-08. The Tribunal allowed the withdrawal, excluded the 74 days, and dismissed the appeal, hoping for a swift CIRP resolution.
Sign in to view the parties.
Adjudicating Authority…
Tribunal heard the appeal, issued notices, and…
The case involves an appeal filed against an order dated 2022-08-01 by the Adjudicating Authority, which admitted an application under Section 7. The appeal was heard by the Tribunal on 2022-09-07, during which notices were issued, and an interim order was passed stating that the resolution plan should not be put to vote without the court's leave.
An appeal was filed against the Adjudicating Authority's order from 2022-08-01, which admitted an application under Section 7. The Tribunal heard the appeal on 2022-09-07 and issued an interim order preventing the resolution plan from being voted on without the court's permission. The appellant then sought to withdraw the appeal. The Resolution Professional stated that the plan was received on 2023-01-08, but the interim order prevented a vote. The appellant requested a 74-day exclusion from the CIRP timeline, starting from 2023-01-08. The Tribunal allowed the withdrawal, excluded the 74 days, and dismissed the appeal, hoping for a swift CIRP resolution.
Adjudicating Authority…
Tribunal heard the appeal, issued notices, and…