The case involves an appeal against an order related to insolvency proceedings. The appellant is State Bank of India, and the respondent is V. Mahesh, RP for Diamond. The learned counsel appearing on behalf of the 2nd to 4th respondent (promoters) submits that the plan submitted by the promoters has been rejected by the Committee of Creditors, and in the absence of any Resolution Plan, an application for liquidation has already been moved and the matter is pending before the Adjudicating Authority.
State Bank of India filed an appeal against V. Mahesh, RP for Diamond, in an insolvency case. The promoters' resolution plan was rejected by the Committee of Creditors. An application for liquidation has been moved and is pending before the Adjudicating Authority. The court decided not to address the issue raised in the present appeal and disposed of the appeal.
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The case involves an appeal against an order related to insolvency proceedings. The appellant is State Bank of India, and the respondent is V. Mahesh, RP for Diamond. The learned counsel appearing on behalf of the 2nd to 4th respondent (promoters) submits that the plan submitted by the promoters has been rejected by the Committee of Creditors, and in the absence of any Resolution Plan, an application for liquidation has already been moved and the matter is pending before the Adjudicating Authority.
State Bank of India filed an appeal against V. Mahesh, RP for Diamond, in an insolvency case. The promoters' resolution plan was rejected by the Committee of Creditors. An application for liquidation has been moved and is pending before the Adjudicating Authority. The court decided not to address the issue raised in the present appeal and disposed of the appeal.
Learned counsel appearing on behalf of the 2nd…
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