2021 (8) TMI 1326 - Tri - Insolvency and Bankruptcy

Application filed by the Resolution Applicant seeking direction against the RP and CoC - present Resolution Applicant seeks indulgence through this application to allow him to submit latest revised plan and revised after the rejection of previous plan - HELD THAT - Let the plan be submitted to the RP within three days. Learned Counsel for the RP states that CoC is going to held the meeting tomorrow. This applicant s plan cannot be consider on such short notice. Hence, the CoC is directed to defer it s meeting to three days. Let meeting be held on 13th August, 2021 or any suitable date nearby and let the both plans be placed before CoG for its consideration. Application disposed off.

Summary

The Tribunal directed the Committee of Creditors (CoC) to defer its meeting for three days to consider the Resolution Applicant's latest revised plan. The meeting was rescheduled to 13th August, 2021 or a nearby suitable date for consideration of both plans. The application was satisfied and disposed of accordingly.