Seeking direction to proposed Resolution Applicant to approach ...
Insolvency and Bankruptcy
July 26, 2022
Seeking direction to proposed Resolution Applicant to approach the Committee of Creditors (CoC) for deciding his eligibility under section 29A to submit a resolution plan for consideration - MSME status of the corporate debtor - almost 3 years of the initiation of the CIRP gone - As sufficient opportunity had been given to Mr. C.E. Fernandes for presenting a feasible and viable resolution plan but he eventually failed and withdrew his proposed plan, the next step under section 33 of IBC was undertaken by the Resolution Professional. - Appeal dismissed - AT
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