2020 (11) TMI 1072

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....Chairperson, [Justice Anant Bijay Singh] Member (Judicial) and [Dr. Ashok Kumar Mishra] Member (Technical) For the Appellant: Mr. Jayant Mehta, Mr. Dhruv Gupta and Mr. Vivek Gupta, Advocates. For the Respondent : Mr. Sumit Binani (Liquidator), Mr. Arjun Asthana and Mr. Krishnaraj Thaker, Advocates. ORDER The impugned order dated 9th June, 2020 dismissing the application of the representatives ....

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....y) has been rejected by the secured creditors. 3. Admittedly, 90 days' limit from the date of the order of liquidation has elapsed. Now after lapse of more than two years, the Adjudicating Authority has declined to reconsider the Scheme on the same grounds as were taken earlier for approval of the Scheme. The revised Scheme placed by Shareholders before the Creditors has been rejected. It is noti....