https://www.taxtmi.com/caselaws?id=374341 The case addressed the procedure for determining the voting share required for passing resolutions in the Committee of Creditors (CoC) during the Corporate Insolvency Resolution Process (CIRP), specifically when multiple classes of Financial Creditors, including home buyers, are involved. A deadlock in the voting process arose due to non-participation of home buyers, leading to differing opinions within the bench. The matter was referred to the President of the National Company Law Tribunal (NCLT) for resolution under relevant provisions, highlighting the complexities in balancing stakeholder interests and statutory requirements in the insolvency resolution process. en-us Thu, 13 Dec 2018 00:00:00 +0530 Thu, 31 Jan 2019 07:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374341 The case addressed the procedure for determining the voting share required for passing resolutions in the Committee of Creditors (CoC) during the Corporate Insolvency Resolution Process (CIRP), specifically when multiple classes of Financial Creditors, including home buyers, are involved. A deadlock in the voting process arose due to non-participation of home buyers, leading to differing opinions within the bench. The matter was referred to the President of the National Company Law Tribunal (NCLT) for resolution under relevant provisions, highlighting the complexities in balancing stakeholder interests and statutory requirements in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374341