The case involves multiple Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The IAs include requests for approval of a resolution plan, directions for convening a Committee of Creditors (CoC) meeting, and filing of written submissions. The resolution plan was submitted by Reliance Projects & Property Management Services Limited.
The State Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Reliance Communication Infrastructure LTD. Several Interlocutory Applications (IAs) have been filed in the matter, including IA 1943/2020, IA 2159/2021, IA 2429/2021, and IA 127/2022. Bank of Baroda, an Assenting Financial Creditor, filed IA 127/2022 concerning the Resolution Plan dated 17.07.2020 submitted by Reliance Projects & Property Management Services Limited. The Applicant sought directions from the Tribunal to convene a CoC meeting to decide the distribution manner amongst the Financial Creditors as stipulated in clause No. 1.2.13 of the Resolution Plan. The CoC had previously approved a resolution in its 18th meeting on August 05, 2021, regarding the re-allocation
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Interlocu…
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The case involves multiple Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The IAs include requests for approval of a resolution plan, directions for convening a Committee of Creditors (CoC) meeting, and filing of written submissions. The resolution plan was submitted by Reliance Projects & Property Management Services Limited.
The State Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Reliance Communication Infrastructure LTD. Several Interlocutory Applications (IAs) have been filed in the matter, including IA 1943/2020, IA 2159/2021, IA 2429/2021, and IA 127/2022. Bank of Baroda, an Assenting Financial Creditor, filed IA 127/2022 concerning the Resolution Plan dated 17.07.2020 submitted by Reliance Projects & Property Management Services Limited. The Applicant sought directions from the Tribunal to convene a CoC meeting to decide the distribution manner amongst the Financial Creditors as stipulated in clause No. 1.2.13 of the Resolution Plan. The CoC had previously approved a resolution in its 18th meeting on August 05, 2021, regarding the re-allocation
…Interlocu…
Interlocu…