2023 (10) TMI 1120

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....ncy & Bankruptcy<br>[ Justice Ashok Bhushan ] Chairperson And [ Barun Mitra ] Member ( Technical ) For the Appellant : Mr. Vardhman Kaushik, Mr. Ruchir Mishra, Mr. Sunil Aggarwal, Mr. Reeba Mishra, Advocates For the Respondents : Mr. Abhishek Anand, Mr. Sajal Jain, Mr. Mohak Sharma, Ms. Subhanshi Rai, Mr. Karan Kohli, Advocate for R1 Mr. Rajinder Wali, Advocate for Punjab & Sind Bank O....

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....rate Insolvency Resolution Process (CIRP in short) and the Plan which was submitted in the CIRP was to be voted and voting took place from 03.08.2022 to 09.08.2022 and on 09th August, 2022 plan was not approved with 54% of the Committee of Creditors (CoC in short) vote. It is submitted that as per Regulation 39 of CIRP Regulation, 2016, the plan which received the maximum vote was to be again revo....

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....of CoC to put the plan which received the highest vote for revoting as per Regulation 39. The RP shall file an affidavit indicating the result of the revoting within three weeks. In the meantime, the Adjudicating Authority shall not proceed with the Liquidation Application. List this Appeal on 18th September, 2023." 4. In pursuance of the order dated 28.08.2023, the meeting of the CoC ....

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....ted on 08.08.2023 due to the reason that RP had received the request from the financial creditor for extending the time for voting. Accordingly, the Hon&#39;ble NCLAT allowed to file the final outcome of the e-voting post its conclusion, vide its order dated 18.09.2023. Copy of Order dated 18.09.2023 passed by this Hon&#39;ble Appellate Tribunal is annexed herewith and marked as ANNEXURE A-5. ....