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2018 (9) TMI 2052

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..... the necessity of waiting for the CoC to grant locus standi to any other person or identity afresh other than the RP. The necessity in these matters is to decide the issue expeditiously as the speed is the essence of CIR Process. The requirement of Section 27 stands satisfied - Application allowed. - (IB)-46(PB)/2018 - - - Dated:- 28-9-2018 - (RTD.) M.M. KUMAR AND SH. S.K. MOHAPATRA Hon ble .....

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..... Debtor ) with Mr. Sandeep Mahajan (Registration No. IBBI/IPA-001/IP- P00991/2017-18/11631) as the proposed Resolution Professional of the Corporate Debtor in accordance with the provisions of Section 27 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) read with the rules and regulations made thereunder and any other provisions as may be applicable. RESOLVED FURTHER THAT pursuant to sub- .....

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..... ion which has already been filed on the basis of resolution dated 05.09.2018 is under consideration and we do not feel the necessity of waiting for the CoC to grant locus standi to any other person or identity afresh other than the RP. The necessity in these matters is to decide the issue expeditiously as the speed is the essence of CIR Process. Therefore, we are not persuaded to deferred the hear .....

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