The case involves I.A.No.27 of 2020 in CP (IB) No.13/GB/2019 filed under Section 12(2) of the Insolvency & Bankruptcy Code, 2016 read with Regulation 40 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons), Regulations, 2016. Panna Pragati Infrastructure and another, the applicants, filed an application against Mr. Amit Pareek, RP, the respondent. The applicants, who are the proposed unsuccessful Resolution Plan Applicants (RPAs), sought a direction from the Tribunal to the RP to take on record and consider their revised offer submitted by email dated 14.02.2020. The resolution plan submitted by the highest bidder had already been approved by the COC on 12.02.2020 with 100% voting and submitted to the Tribunal for
…Panna Pragati Infrastructure and another filed an application (I.A.No.27 of 2020) in CP (IB) No.13/GB/2019 as unsuccessful Resolution Plan Applicants (RPAs). They sought a direction from the Tribunal to the Resolution Professional (RP) to consider their revised offer submitted via email on 14.02.2020. The Committee of Creditors (COC) had already approved the resolution plan submitted by the highest bidder with 100% voting on 12.02.2020 and submitted it to the Tribunal for approval. The applicants insisted that the COC provide individual scores and bid amounts of all RPAs before the presentation of the plan. The applicants abstained from attending the COC meeting on 12.02.2020. The COC had already considered the applicant's earlier plan. The respondent filed a written
…Sign in to view the parties.
5th COC meeting held. The petitioner insisted…
The COC approved the…
Sign in to view related legal provisions.
The case involves I.A.No.27 of 2020 in CP (IB) No.13/GB/2019 filed under Section 12(2) of the Insolvency & Bankruptcy Code, 2016 read with Regulation 40 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons), Regulations, 2016. Panna Pragati Infrastructure and another, the applicants, filed an application against Mr. Amit Pareek, RP, the respondent. The applicants, who are the proposed unsuccessful Resolution Plan Applicants (RPAs), sought a direction from the Tribunal to the RP to take on record and consider their revised offer submitted by email dated 14.02.2020. The resolution plan submitted by the highest bidder had already been approved by the COC on 12.02.2020 with 100% voting and submitted to the Tribunal for
…Panna Pragati Infrastructure and another filed an application (I.A.No.27 of 2020) in CP (IB) No.13/GB/2019 as unsuccessful Resolution Plan Applicants (RPAs). They sought a direction from the Tribunal to the Resolution Professional (RP) to consider their revised offer submitted via email on 14.02.2020. The Committee of Creditors (COC) had already approved the resolution plan submitted by the highest bidder with 100% voting on 12.02.2020 and submitted it to the Tribunal for approval. The applicants insisted that the COC provide individual scores and bid amounts of all RPAs before the presentation of the plan. The applicants abstained from attending the COC meeting on 12.02.2020. The COC had already considered the applicant's earlier plan. The respondent filed a written
…5th COC meeting held. The petitioner insisted…
The COC approved the…
Sign in to view related legal provisions.