2017 (8) TMI 1605 - Tri - Insolvency and Bankruptcy

Status of a Secured Creditor in the committee of Creditor - HELD THAT - A copy of the present application be served to Shri Chopra on behalf of the R.P. Shri Mukesh Mohan. He is at liberty to offer his comments on action impugned in the present application and may file reply by 30th August, 2017 by serving an advance copy thereof to the applicant's counsel - Meanwhile, the applicant in CA provisionally permitted to continue and participate in the COC meetings as a Member of the Committee of Creditors. However, this would be subject to outcome of the present petition.

Summary

The National Company Law Tribunal, Allahabad, disposed of a case where Axis Bank's grievance was resolved by the reconsideration of its claim by the Resolution Professional. The application became infructuous and was accordingly disposed of. Exim Bank was also involved in the proceedings, with provisions for continued participation in Committee of Creditors meetings.