The case involves an application (IA-2732/2022) filed to implead the Resolution Applicant as a Respondent in C.A. No. 1955 of 2022, which was filed by the Applicant Bank in C.P. NO. (IB)–1781 (ND)/2018. The Applicant, a dissenting secured creditor, raised objections against the approval of the Resolution Plan, arguing that the Resolution Applicant is a necessary party in the proceedings.
Indu Kumar & Ors. filed an application against M/s. Saha Infratech Pvt. Ltd. under Section 7 of the IBC, 2016. The Applicant (dissenting secured creditor) filed IA-2732/2022 to implead the Resolution Applicant as a Respondent in C.A. No. 1955 of 2022. The Applicant objected to the approval of the Resolution Plan, arguing non-compliance with legal provisions. The CoC approved the Resolution Plan, but the Applicant, as a dissenting secured creditor, raised objections. The approval of the Resolution Plan is pending consideration before the Adjudicating Authority. The Applicant bank filed C.P. NO. (IB)–1781 (ND)/2018.
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Applicant Bank filed…
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The case involves an application (IA-2732/2022) filed to implead the Resolution Applicant as a Respondent in C.A. No. 1955 of 2022, which was filed by the Applicant Bank in C.P. NO. (IB)–1781 (ND)/2018. The Applicant, a dissenting secured creditor, raised objections against the approval of the Resolution Plan, arguing that the Resolution Applicant is a necessary party in the proceedings.
Indu Kumar & Ors. filed an application against M/s. Saha Infratech Pvt. Ltd. under Section 7 of the IBC, 2016. The Applicant (dissenting secured creditor) filed IA-2732/2022 to implead the Resolution Applicant as a Respondent in C.A. No. 1955 of 2022. The Applicant objected to the approval of the Resolution Plan, arguing non-compliance with legal provisions. The CoC approved the Resolution Plan, but the Applicant, as a dissenting secured creditor, raised objections. The approval of the Resolution Plan is pending consideration before the Adjudicating Authority. The Applicant bank filed C.P. NO. (IB)–1781 (ND)/2018.
Applicant Bank filed…
Applicant Ban…