The case involves a Company Appeal (AT) (Insolvency) Nos. 1257-1258 of 2019 before the National Company Law Appellate Tribunal, New Delhi. The appellant is Mr. Pranav Sharma, and the respondent is Power2sme Pvt. Ltd. & Anr. The learned counsel for the Appellant submits that the parties have settled the matter. However, the ‘Committee of Creditors' having constituted, the matter is now being placed before the ‘Committee of Creditors' which is likely to hold its meeting tomorrow i.e. on 26th November, 2019.
Mr. Pranav Sharma filed a Company Appeal (AT) (Insolvency) against Power2sme Pvt. Ltd. & Anr. The parties involved have reportedly settled the matter. However, since the Committee of Creditors (CoC) has already been constituted, the matter is presented before the CoC. The CoC is scheduled to hold a meeting on November 26, 2019. The court directs the CoC to decide the matter in accordance with the law. The court also notes that if the matter has been settled with all the Creditors, ‘Operational Creditors' and the ‘Financial Creditors', it will be open to the Adjudicating Authority (National Company Law Tribunal) on the approval of the ‘Committee of Creditors'. The court directs the ‘Committee of Creditors' to pass appropriate order in terms of Section 12A of the
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Learned counsel for the Appellant submits that…
The Committee of…
The case involves a Company Appeal (AT) (Insolvency) Nos. 1257-1258 of 2019 before the National Company Law Appellate Tribunal, New Delhi. The appellant is Mr. Pranav Sharma, and the respondent is Power2sme Pvt. Ltd. & Anr. The learned counsel for the Appellant submits that the parties have settled the matter. However, the ‘Committee of Creditors' having constituted, the matter is now being placed before the ‘Committee of Creditors' which is likely to hold its meeting tomorrow i.e. on 26th November, 2019.
Mr. Pranav Sharma filed a Company Appeal (AT) (Insolvency) against Power2sme Pvt. Ltd. & Anr. The parties involved have reportedly settled the matter. However, since the Committee of Creditors (CoC) has already been constituted, the matter is presented before the CoC. The CoC is scheduled to hold a meeting on November 26, 2019. The court directs the CoC to decide the matter in accordance with the law. The court also notes that if the matter has been settled with all the Creditors, ‘Operational Creditors' and the ‘Financial Creditors', it will be open to the Adjudicating Authority (National Company Law Tribunal) on the approval of the ‘Committee of Creditors'. The court directs the ‘Committee of Creditors' to pass appropriate order in terms of Section 12A of the
…Learned counsel for the Appellant submits that…
The Committee of…