The case involves an application MA/203/2019 in MA/462/2018 in CP/540/IB/2018 before the National Company Law Tribunal (NCLT), Chennai. The applicant's representation was not present when the matter was called. The Resolution Professional's counsel was present and submitted that the Resolution Plan had been approved by the Authority on August 27, 2019.
The Indian Overseas Bank filed a petition CP/540/(IB)/2018 against Gagan Bothra (PRC International Hotels Pvt Ltd) & 1 another. The matter was called, but there was no representation on behalf of the applicant (Indian Overseas Bank). The counsel for the Resolution Professional was present and submitted that the Resolution Plan had been approved by the Authority on August 27, 2019. Due to the approval of the Resolution Plan, the application was deemed infructuous.
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Hearing he…
Resolution…
The case involves an application MA/203/2019 in MA/462/2018 in CP/540/IB/2018 before the National Company Law Tribunal (NCLT), Chennai. The applicant's representation was not present when the matter was called. The Resolution Professional's counsel was present and submitted that the Resolution Plan had been approved by the Authority on August 27, 2019.
The Indian Overseas Bank filed a petition CP/540/(IB)/2018 against Gagan Bothra (PRC International Hotels Pvt Ltd) & 1 another. The matter was called, but there was no representation on behalf of the applicant (Indian Overseas Bank). The counsel for the Resolution Professional was present and submitted that the Resolution Plan had been approved by the Authority on August 27, 2019. Due to the approval of the Resolution Plan, the application was deemed infructuous.
Hearing he…
Resolution…