Ashok Commercial Enterprises filed an application against Ariisto Developers Pvt. Ltd. regarding the adjourned 20th meeting of the Committee of Creditors (CoC) held on 13.11.2019.
Ashok Commercial Enterprises filed an application seeking to address the role of the Respondent in the adjourned 20th CoC meeting.
The applicant alleged the distribution matrix was altered after they voted and left the meeting.
The applicant objected to the success fee approved by the Committee of Creditors.
The RP denied unilaterally imposing the distribution matrix, stating the CoC finalized it.
The RP argued the applicant was delaying the approval of the Resolution Plan submitted by Prestige Estates Projects Ltd.
The COC unanimously approved the Resolution Plan submitted by Prestige Estates Projects Ltd.
The applicant voted in favour of the plan.
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The adjourned 20th CoC meeting, whereby…
Order pronoun…
Ashok Commercial Enterprises filed an application against Ariisto Developers Pvt. Ltd. regarding the adjourned 20th meeting of the Committee of Creditors (CoC) held on 13.11.2019.
Ashok Commercial Enterprises filed an application seeking to address the role of the Respondent in the adjourned 20th CoC meeting.
The applicant alleged the distribution matrix was altered after they voted and left the meeting.
The applicant objected to the success fee approved by the Committee of Creditors.
The RP denied unilaterally imposing the distribution matrix, stating the CoC finalized it.
The RP argued the applicant was delaying the approval of the Resolution Plan submitted by Prestige Estates Projects Ltd.
The COC unanimously approved the Resolution Plan submitted by Prestige Estates Projects Ltd.
The applicant voted in favour of the plan.
…The adjourned 20th CoC meeting, whereby…
Order pronoun…