The appellant, Smt. K. Bharathi, claiming to be a 'Financial Creditor', is aggrieved by the order of the Adjudicating Authority (National Company Law Tribunal), Division Bench, Chennai, dated January 21, 2019, which extended the 'Corporate Insolvency Resolution Process' period by 90 days, effective from December 20, 2018. This extension included a direction to the 'Resolution Professional' to hold 'Committee of Creditors' meetings in accordance with orders dated December 18 and 19, 2018.
Smt. K. Bharathi, claiming to be a 'Financial Creditor', filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), Division Bench, Chennai, dated January 21, 2019. The order extended the 'Corporate Insolvency Resolution Process' period by 90 days, effective from December 20, 2018, and directed the 'Resolution Professional' to hold 'Committee of Creditors' meetings in accordance with orders dated December 18 and 19, 2018. The appellant argued that the extension was prejudicial to her interests. The court noted that the extension was to comply with earlier directions and that the CoC's decisions were subject to the Appellate Tribunal's review.
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Adjudicating Authority issued orders related…
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The appellant, Smt. K. Bharathi, claiming to be a 'Financial Creditor', is aggrieved by the order of the Adjudicating Authority (National Company Law Tribunal), Division Bench, Chennai, dated January 21, 2019, which extended the 'Corporate Insolvency Resolution Process' period by 90 days, effective from December 20, 2018. This extension included a direction to the 'Resolution Professional' to hold 'Committee of Creditors' meetings in accordance with orders dated December 18 and 19, 2018.
Smt. K. Bharathi, claiming to be a 'Financial Creditor', filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), Division Bench, Chennai, dated January 21, 2019. The order extended the 'Corporate Insolvency Resolution Process' period by 90 days, effective from December 20, 2018, and directed the 'Resolution Professional' to hold 'Committee of Creditors' meetings in accordance with orders dated December 18 and 19, 2018. The appellant argued that the extension was prejudicial to her interests. The court noted that the extension was to comply with earlier directions and that the CoC's decisions were subject to the Appellate Tribunal's review.
Adjudicating Authority issued orders related…
Adjudicating Authority issued orders related…
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