This is an appeal by the shareholder/promoter of the 'Corporate Debtor' against the order dated 19th June, 2018. The order under appeal pertains to several CA (IB) applications, including No. 536/KB/2017, No. 439/2018, No. 145/KB/2018, and No. 363/KB/2018. CA (IB) No. 536/KB/2017 was filed by the suspended director seeking removal of the Resolution Professional (RP) and initiation of an enquiry against the RP. CA (IB) No. 363/KB/2017 had already been disposed of. The prayer in CA (IB) No. 536/KB/2018 was deemed infructuous. The appellant argued that the corporate resolution process had not been completed in accordance with the law.
Sunil Jain, the shareholder/promoter of the Corporate Debtor, filed an appeal against the order dated June 19, 2018. The order under appeal involved several CA (IB) applications. CA (IB) No. 536/KB/2017 was filed by the suspended director seeking removal of the Resolution Professional (RP) and initiation of an enquiry against the RP. CA (IB) No. 363/KB/2017 had already been disposed of. The prayer in CA (IB) No. 536/KB/2018 was deemed infructuous. The appellant argued that the corporate resolution process had not been completed in accordance with the law. The resolution plan had already been approved, and the order of approval by the Adjudicating Authority was pending consideration in another appeal. The Adjudicating Authority had not given any finding regarding the
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Order passed by the…
Appeal filed…
This is an appeal by the shareholder/promoter of the 'Corporate Debtor' against the order dated 19th June, 2018. The order under appeal pertains to several CA (IB) applications, including No. 536/KB/2017, No. 439/2018, No. 145/KB/2018, and No. 363/KB/2018. CA (IB) No. 536/KB/2017 was filed by the suspended director seeking removal of the Resolution Professional (RP) and initiation of an enquiry against the RP. CA (IB) No. 363/KB/2017 had already been disposed of. The prayer in CA (IB) No. 536/KB/2018 was deemed infructuous. The appellant argued that the corporate resolution process had not been completed in accordance with the law.
Sunil Jain, the shareholder/promoter of the Corporate Debtor, filed an appeal against the order dated June 19, 2018. The order under appeal involved several CA (IB) applications. CA (IB) No. 536/KB/2017 was filed by the suspended director seeking removal of the Resolution Professional (RP) and initiation of an enquiry against the RP. CA (IB) No. 363/KB/2017 had already been disposed of. The prayer in CA (IB) No. 536/KB/2018 was deemed infructuous. The appellant argued that the corporate resolution process had not been completed in accordance with the law. The resolution plan had already been approved, and the order of approval by the Adjudicating Authority was pending consideration in another appeal. The Adjudicating Authority had not given any finding regarding the
…Order passed by the…
Appeal filed…