The case involves an application (IA 1441/2023) filed by Mr. K Ramakrishna Raju, President of Leo Meridian Employees Society, seeking representation in the Committee of Creditors (CoC) or other committees of the Corporate Debtor (Leo Meridian Infrastructure Projects & Hotels Ltd) to assist the Respondents. The applicant alleges irregularities and lack of support from the bank, leading to financial and operational losses for the Corporate Debtor. The applicant also raises concerns about the Resolution Professional (RP) and the conduct of the CoC.
Leo Meridian Infrastructure Projects & Hotels Ltd (Corporate Debtor) is undergoing Corporate Insolvency Resolution Process (CIRP). Mr. K Ramakrishna Raju, President of Leo Meridian Employees Society, filed an application seeking representation in the Committee of Creditors (CoC). The applicant alleges irregularities and lack of support from the bank, leading to financial and operational losses for the Corporate Debtor. The applicant also raises concerns about the Resolution Professional (RP) and the conduct of the CoC, including allegations of collusion and mismanagement. The Respondent Bank initiated legal action by filing an application before the Debt Recovery Tribunal (DRT) in Hyderabad to recover its claim. The Bank has lodged a criminal complaint challenging
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CIRP initiated against Leo Meridian…
An Application was filed before this Tribunal,…
The case involves an application (IA 1441/2023) filed by Mr. K Ramakrishna Raju, President of Leo Meridian Employees Society, seeking representation in the Committee of Creditors (CoC) or other committees of the Corporate Debtor (Leo Meridian Infrastructure Projects & Hotels Ltd) to assist the Respondents. The applicant alleges irregularities and lack of support from the bank, leading to financial and operational losses for the Corporate Debtor. The applicant also raises concerns about the Resolution Professional (RP) and the conduct of the CoC.
Leo Meridian Infrastructure Projects & Hotels Ltd (Corporate Debtor) is undergoing Corporate Insolvency Resolution Process (CIRP). Mr. K Ramakrishna Raju, President of Leo Meridian Employees Society, filed an application seeking representation in the Committee of Creditors (CoC). The applicant alleges irregularities and lack of support from the bank, leading to financial and operational losses for the Corporate Debtor. The applicant also raises concerns about the Resolution Professional (RP) and the conduct of the CoC, including allegations of collusion and mismanagement. The Respondent Bank initiated legal action by filing an application before the Debt Recovery Tribunal (DRT) in Hyderabad to recover its claim. The Bank has lodged a criminal complaint challenging
…CIRP initiated against Leo Meridian…
An Application was filed before this Tribunal,…