2023 (10) TMI 1120

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ok 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 ORDER Heard Counsel for the parties. 2. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....h 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 revoted and for that purpose, the Application was filed on 23rd August, ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 was convened to put the plan which received the highest vote for re-voting. An Affidavit has been filed b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e for voting. Accordingly, the Hon'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'ble Appellate Tribunal is annexed herewith and marked as ANNEXURE A-5. 10. That in the light of the above facts stated, it is most humbly submitted that the deponent shall act in accordance ....