The Applicants filed I.A. No. 4728/2025 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The application sought various reliefs, including directions to the Resolution Professional to furnish information and clarifications, deferral of consideration and voting on Resolution Plans by the Committee of Creditors, permission for the Applicants to submit a revised Resolution Plan, and a directive for the CoC to consider it. Additionally, grievances were raised concerning the participation of Suspended Directors, who were also Prospective Resolution Applicants, in CoC meetings.
I.A. No. 4728/2025 was filed by the Applicants under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016.
The application sought directions to the Resolution Professional to furnish information, documents, and clarifications sought by the Applicants via emails dated 01.08.2025, 02.08.2025, 01.09.2025, and 06.09.2025.
The Applicants requested that no discussion, consideration, or voting on Resolution Plans of the Corporate Debtor take place until the requested information is furnished.
The application also sought a direction for the Resolution Professional to provide information to enable the Applicant to submit a revised Resolution Plan.
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Applicant sent an email seeking information…
Applicant sent an email seeking information…
The Applicants filed I.A. No. 4728/2025 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The application sought various reliefs, including directions to the Resolution Professional to furnish information and clarifications, deferral of consideration and voting on Resolution Plans by the Committee of Creditors, permission for the Applicants to submit a revised Resolution Plan, and a directive for the CoC to consider it. Additionally, grievances were raised concerning the participation of Suspended Directors, who were also Prospective Resolution Applicants, in CoC meetings.
I.A. No. 4728/2025 was filed by the Applicants under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016.
The application sought directions to the Resolution Professional to furnish information, documents, and clarifications sought by the Applicants via emails dated 01.08.2025, 02.08.2025, 01.09.2025, and 06.09.2025.
The Applicants requested that no discussion, consideration, or voting on Resolution Plans of the Corporate Debtor take place until the requested information is furnished.
The application also sought a direction for the Resolution Professional to provide information to enable the Applicant to submit a revised Resolution Plan.
…Applicant sent an email seeking information…
Applicant sent an email seeking information…