https://www.taxtmi.com/caselaws?id=406280 The Appellate Tribunal found that the Resolution Professional (RP) had contravened multiple mandatory provisions of the Insolvency and Bankruptcy Code and IBBI Regulations by failing to serve proper notice, provide relevant documents, and offer video conferencing options. Consequently, the Tribunal set aside the impugned order and the resolutions passed in the 9th, 10th, and 11th CoC meetings. The RP was directed to comply with the statutory requirements and provide all necessary documents and notices to the suspended directors, ensuring their right to attend CoC meetings through video conferencing. The appeal was allowed, and no costs were imposed. en-us Thu, 08 Apr 2021 00:00:00 +0530 Fri, 09 Apr 2021 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406280 The Appellate Tribunal found that the Resolution Professional (RP) had contravened multiple mandatory provisions of the Insolvency and Bankruptcy Code and IBBI Regulations by failing to serve proper notice, provide relevant documents, and offer video conferencing options. Consequently, the Tribunal set aside the impugned order and the resolutions passed in the 9th, 10th, and 11th CoC meetings. The RP was directed to comply with the statutory requirements and provide all necessary documents and notices to the suspended directors, ensuring their right to attend CoC meetings through video conferencing. The appeal was allowed, and no costs were imposed. Case-Laws Insolvency and Bankruptcy Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406280