The case involves an application (CA-171/2019) filed by the Resolution Professional (RP) to bring on record a resolution passed by the Committee of Creditors (CoC) in its second meeting held on February 5, 2019. The sole member of the CoC is Canara Bank, which decided to terminate the Corporate Insolvency Resolution (CIR) process. The resolution was passed with a 100% voting share and is annexed to the application.
The Resolution Professional filed CA-171/2019 to record the resolution passed by the CoC in its 2nd meeting on February 5, 2019. Canara Bank, the sole member of the CoC, decided to terminate the CIR process with a 100% voting share. The RP's application was supported by an affidavit. The CoC's decision is the central fact, leading to the termination of the CIR process.
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The Committee of Creditors (CoC) held its…
Hearing before the New…
The case involves an application (CA-171/2019) filed by the Resolution Professional (RP) to bring on record a resolution passed by the Committee of Creditors (CoC) in its second meeting held on February 5, 2019. The sole member of the CoC is Canara Bank, which decided to terminate the Corporate Insolvency Resolution (CIR) process. The resolution was passed with a 100% voting share and is annexed to the application.
The Resolution Professional filed CA-171/2019 to record the resolution passed by the CoC in its 2nd meeting on February 5, 2019. Canara Bank, the sole member of the CoC, decided to terminate the CIR process with a 100% voting share. The RP's application was supported by an affidavit. The CoC's decision is the central fact, leading to the termination of the CIR process.
The Committee of Creditors (CoC) held its…
Hearing before the New…