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2020 (2) TMI 1128 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - time limitation - HELD THAT:- Learned counsel for the Appellant submits that the 'State Bank of India' has 91% voting share and therefore, any settlement with them will amount to settlement under section 12A. Instead of granting further time, we allow the Appellant to file an application under section 12A before the 'Committee of Creditors' - Appeal disposed off.
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