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TMI Blog2018 (5) TMI 1777X X X X Extracts X X X X X X X X Extracts X X X X ..... H-1 applicant strongly objected issuing such a directions to the RP. According to him such a direction, if issued, it would prejudice to the H-1 Resolution Applicant and that the entire process is to be disrupted. The above objection seems to have no legal force at all because RP not at all concluded the Corporate Insolvency Resolution Process (CIRP) and the COC did not finalised, which is the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shri Jinan K.R and Hon'ble Member (J) Shri M. B Gosavi ORDER Ld. Resolution Professional along with his Counsel as well as Ld. Counsel for the applicant of CA (1B) No. 405/KB/2018, Shree Ram Residency Pvt. Ltd. and Edelweiss Asset Reconstruction Co. Ltd. is present. CA(IB) No. 405/KB/2018 filed by Resolution Applicant, who is ranked as H-2, praying for stay of rank of H-1 applican ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on Plan by the Committee of Creditors (COC). In consideration of the said prayer on the side of the Resolution Applicant in the C.A., we are inclined to issue directions to have a reconsideration of modified offer, if any, submitted by the Resolution Applicant in the application. At this juncture Ld. Counsel appearing for the H-1 applicant strongly objected issuing such a directions to the RP. Acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nalised by the COC is just and proper in the nature of this case. In the said circumstances it appears to us that directions to the Resolution Professional is to be issued in order to avoid further interruption in the CIRP. Accordingly, we are issuing the following directions :- (1) The RP is directed to receive modified offer to be submitted by the applicant in this application on or before 09 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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