2021 (3) TMI 1336 - Tri - Insolvency and Bankruptcy

Seeking consideration of re-casted vote of TARCL - violation of principles of natural justice - HELD THAT - The prayer sought for recast of the vote is not considered by this Adjudicating Authority. However, considering the developments in the events, taken place subsequent to the CoC meeting, the RP shall convene a fresh meeting and place before the CoC, for deliberation and approval. Application is disposed of.

Summary

The Tribunal ordered the RP to convene a fresh meeting for CoC approval of a recasted vote by TARCL. The meeting must be held within 10 working days from the order date. The application was disposed of.