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TMI Blog2021 (2) TMI 54X X X X Extracts X X X X X X X X Extracts X X X X ..... dambaram and Darius Khambatta, Senior Advocates ( Ameet Naik, Ms. Neeha Nagpal, Ms. Pallavi Langar, Abhishek Kale, Ms. Nisha Kaba, Vishvendra Tomar and Malak Manish Bhatt, Advocates, with them) For the Respondent : Vikram Nankani, Senior Advocate ( Mahesh Agarwal and E. C. Agrawala, Advocates, with him), Mukul Rohatgi, Senior Advocate ( Ms. Radhika Gautam, Advocate, with him) ORDER This appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ommittee of Creditors' members having the remaining 0.3% voting shares abstained from voting. As such, it is unequivocally clear that the resolution for withdrawal of 'corporate insolvency resolution process' under Section 12A of the I&B Code came to be rejected by the members of the 'Committee of Creditors' as the same could not muster the requisite 90% voting share. 12. It is pertinent to ment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It was also recorded that the Settlement Proposal of the appellant under Section 12A of the I.B. Code was rejected by 99.68% votes of the Committee of Creditors (CoC, for short). The facts on record indicate that a notice invoking arbitration was issued on 29.07.2016 by respondent no.1 in relation to Contract No.2 whereafter an application under Section 11(6) of the Arbitration & Conciliation Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the NCLAT with above quoted observations. Mr. P. Chidambaram, learned Senior Advocate for the appellant submitted that the issue which got crystallized in the orders dated 18.04.2018 and 23.05.2018, whereafter the matter was adjourned on 12.07.2018 and 17.10.2019, was not decided by the NCLAT while disposing of the appeal. Mr. Mukul Rohatgi, learned Senior Advocate for the respondent-origina ..... X X X X Extracts X X X X X X X X Extracts X X X X
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