The application was filed seeking directions to the Members of the CoC to disclose the reasons for rejection of the Resolution Plan of the Applicant.
The applicant sought directions for the CoC members to disclose reasons for rejecting the Resolution Plan.
The applicant submitted a Resolution Plan on 19.02.2019, which was not considered by the RP initially.
The Tribunal directed the RP to examine the Resolution Plan and present it to the CoC.
The CoC rejected the request for waiver of the earnest money deposit.
The applicant's counsel conceded that the application was filed only to seek reasons for rejection of the Resolution Plan.
Liquidation has already been ordered as per Regulation 32 of IBBI (Liquidation Process) Regulation, 2016.
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Applicant subm…
Tribunal directed the…
The application was filed seeking directions to the Members of the CoC to disclose the reasons for rejection of the Resolution Plan of the Applicant.
The applicant sought directions for the CoC members to disclose reasons for rejecting the Resolution Plan.
The applicant submitted a Resolution Plan on 19.02.2019, which was not considered by the RP initially.
The Tribunal directed the RP to examine the Resolution Plan and present it to the CoC.
The CoC rejected the request for waiver of the earnest money deposit.
The applicant's counsel conceded that the application was filed only to seek reasons for rejection of the Resolution Plan.
Liquidation has already been ordered as per Regulation 32 of IBBI (Liquidation Process) Regulation, 2016.
Applicant subm…
Tribunal directed the…