The appeal was filed due to frequent adjournments granted by the Adjudicating Authority regarding a Resolution Plan pending approval since 2019, with the matter being adjourned approximately 18 times. The appellant is aggrieved by these adjournments.
Surinder Kaur & Ors. filed an appeal against International Recreation and Amusement Ltd. through its Resolution Professional. The appellant was aggrieved by frequent adjournments granted by the Adjudicating Authority (National Company Law Tribunal) regarding a Resolution Plan that has been pending approval since 2019. The matter had been adjourned approximately 18 times. The date fixed before the Adjudicating Authority had already elapsed. The appellant argued that the Resolution Plan was pending approval before the Adjudicating Authority since 2019.
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The court issued an order directing the…
The Resolution Plan has been pending approval…
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The appeal was filed due to frequent adjournments granted by the Adjudicating Authority regarding a Resolution Plan pending approval since 2019, with the matter being adjourned approximately 18 times. The appellant is aggrieved by these adjournments.
Surinder Kaur & Ors. filed an appeal against International Recreation and Amusement Ltd. through its Resolution Professional. The appellant was aggrieved by frequent adjournments granted by the Adjudicating Authority (National Company Law Tribunal) regarding a Resolution Plan that has been pending approval since 2019. The matter had been adjourned approximately 18 times. The date fixed before the Adjudicating Authority had already elapsed. The appellant argued that the Resolution Plan was pending approval before the Adjudicating Authority since 2019.
The court issued an order directing the…
The Resolution Plan has been pending approval…
Sign in to view related legal provisions.