Arun Kumar Goel filed an application to direct the Resolution Professional to present the applicant's Resolution Plan to the Committee of Creditors (CoC) and to restrain the CoC from approving any resolution plan without considering the applicant's plan. The applicant also sought a direction for the CoC to consider their resolution plan on its merits, believing it would maximize the asset value of the Corporate Debtor. The Resolution Professional published an Invitation for Expression of Interest, which was revised due to the national lockdown. The applicants submitted their resolution plan after the initial deadline, citing difficulties accessing Form G due to a typographical error in the Corporate Debtor's CIN number. The applicants argued that the delay in
…Arun Kumar Goel filed an application seeking to direct the Resolution Professional (RP) to present their resolution plan to the Committee of Creditors (CoC) and to restrain the CoC from approving any plan without considering theirs. The RP had published an Invitation for Expression of Interest (EOI) in Form G, which was later revised due to the COVID-19 lockdown. The applicants submitted their resolution plan after the initial deadline. They claimed they faced difficulties accessing Form G due to a typographical error in the Corporate Debtor's CIN number. The applicants argued that their delay in submitting the EOI should be condoned, citing that it was unintentional and that their plan would maximize the asset value of the Corporate Debtor. The CoC comprises only one
…Sign in to view the parties.
Resolution Professional…
The last date of…
Sign in to view related legal provisions.
Arun Kumar Goel filed an application to direct the Resolution Professional to present the applicant's Resolution Plan to the Committee of Creditors (CoC) and to restrain the CoC from approving any resolution plan without considering the applicant's plan. The applicant also sought a direction for the CoC to consider their resolution plan on its merits, believing it would maximize the asset value of the Corporate Debtor. The Resolution Professional published an Invitation for Expression of Interest, which was revised due to the national lockdown. The applicants submitted their resolution plan after the initial deadline, citing difficulties accessing Form G due to a typographical error in the Corporate Debtor's CIN number. The applicants argued that the delay in
…Arun Kumar Goel filed an application seeking to direct the Resolution Professional (RP) to present their resolution plan to the Committee of Creditors (CoC) and to restrain the CoC from approving any plan without considering theirs. The RP had published an Invitation for Expression of Interest (EOI) in Form G, which was later revised due to the COVID-19 lockdown. The applicants submitted their resolution plan after the initial deadline. They claimed they faced difficulties accessing Form G due to a typographical error in the Corporate Debtor's CIN number. The applicants argued that their delay in submitting the EOI should be condoned, citing that it was unintentional and that their plan would maximize the asset value of the Corporate Debtor. The CoC comprises only one
…Resolution Professional…
The last date of…
Sign in to view related legal provisions.