The case involves an appeal against an order dated 12.12.2023 passed by the National Company Law Tribunal (NCLT), New Delhi, Court-III, which rejected IA No.3216 of 2023 filed by the Appellant to recall an order dated 07.06.2023. The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor, M/s Ortel Communications Limited, was initiated based on an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Sony Pictures Networks Ltd. The Appellant, Srigopal Choudhary, was appointed as the Resolution Professional (RP). SREI Equipment Finance Limited, the Respondent, a financial creditor with 53.41% vote share, requested the RP to convene a meeting of the Committee of Creditors (CoC). The RP declined, stating that the Code does

The case involves an appeal against an order dated 12.12.2023 passed by the National Company Law Tribunal (NCLT), New Delhi, Court-III, which rejected IA No.3216 of 2023 filed by the Appellant to recall an order dated 07.06.2023. The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor, M/s Ortel Communications Limited, was initiated based on an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Sony Pictures Networks Ltd. The Appellant, Srigopal Choudhary, was appointed as the Resolution Professional (RP). SREI Equipment Finance Limited, the Respondent, a financial creditor with 53.41% vote share, requested the RP to convene a meeting of the Committee of Creditors (CoC). The RP declined, stating that the Code does