2019 (8) TMI 1711

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ruptcy<br>Justice S. J. Mukhopadhaya, Chairperson, Justice A.I.S. Cheema, Member (Judicial) And Kanthi Narahari, Member (Technical) For Appellant: Mr. Mrinal Harsh Vardhan and Mr. Kartik Sarin, Advocates For Respondents: Mr. Nakul Mohta, Ms. Anju Jain, Mr. Hitesh Sachar and Ms. Namita Jose, Advocates Mr. Shobhan Mahanti, Mr. S.S. Bhati, Mr.Takrim, Ms. Priyanka, Advocates for Resolution Pr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e whether proposed 'Resolution Plans' are to be considered or not? 2. Now it is stated that the proposal given by the Appellant/ Promoters has not been placed before the 'Committee of Creditors' by the 'Resolution Professional' on technical ground that the Promoters cannot file application under Section 12A of the Insolvency and Bankruptcy Code, 2016 (for short 'I&B Code'). We reject such objec....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f Appellant/ Promoters before the 'Committee of Creditors'. If necessary, the date of meeting of the 'Committee of Creditors' be fixed in the manner as prescribed under the Regulations and information be given to the 'Financial Creditors' including the allottees to take part. 3. The 'Committee of Creditors' will consider the same taking into consideration the interest of the Allottees and will ....