The case involves urgent issues raised by the Counsel for Applicants regarding the e-voting process for Resolution Plans in a Corporate Insolvency Resolution Process (CIRP). The Applicants claim they were not informed in advance about the e-voting, and the conduct of the Resolution Professional (RP) and Authorised Representative (AR) is prejudicial and not in conformity with Insolvency and Bankruptcy Board of India (IBBI) regulations. The Committee of Creditors (CoC) consists only of homebuyers represented by the AR.
The Counsel for Applicants raised an urgent issue regarding the e-voting process for Resolution Plans, stating that the Applicants were not informed in advance about the e-voting. The 6th COC meeting dated 27.09.2024, convened for discussing the Resolution Plans, did not have a specific agenda regarding e-voting. An email dated 30.09.2024 indicated that e-voting commenced on 30.09.2024 and would end on 02.10.2024. The Counsel for Applicants argued that the conduct of the RP and AR was prejudicial and not in conformity with IBBI regulations. The CoC consists only of homebuyers represented by the AR. The Counsel for Respondent (RP) argued that information regarding e-voting was shared by the agency chosen for the purpose and that the RP should not be held liable for any
…Sign in to view the parties.
The 6th Committee of Creditors (COC) meeting…
Some of the homebuyers requested the AR to…
The case involves urgent issues raised by the Counsel for Applicants regarding the e-voting process for Resolution Plans in a Corporate Insolvency Resolution Process (CIRP). The Applicants claim they were not informed in advance about the e-voting, and the conduct of the Resolution Professional (RP) and Authorised Representative (AR) is prejudicial and not in conformity with Insolvency and Bankruptcy Board of India (IBBI) regulations. The Committee of Creditors (CoC) consists only of homebuyers represented by the AR.
The Counsel for Applicants raised an urgent issue regarding the e-voting process for Resolution Plans, stating that the Applicants were not informed in advance about the e-voting. The 6th COC meeting dated 27.09.2024, convened for discussing the Resolution Plans, did not have a specific agenda regarding e-voting. An email dated 30.09.2024 indicated that e-voting commenced on 30.09.2024 and would end on 02.10.2024. The Counsel for Applicants argued that the conduct of the RP and AR was prejudicial and not in conformity with IBBI regulations. The CoC consists only of homebuyers represented by the AR. The Counsel for Respondent (RP) argued that information regarding e-voting was shared by the agency chosen for the purpose and that the RP should not be held liable for any
…The 6th Committee of Creditors (COC) meeting…
Some of the homebuyers requested the AR to…