TMI Blog2020 (11) TMI 1072X X X X Extracts X X X X X X X X Extracts X X X X ..... mpromise and Arrangement for revival of the Corporate Debtor (Company) has been rejected by the secured creditors. Admittedly, 90 days limit from the date of the order of liquidation has elapsed. Now after lapse of more than two years, the Adjudicating Authority has declined to reconsider the Scheme on the same grounds as were taken earlier for approval of the Scheme. The revised Scheme placed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er (Technical) For the Appellant: Mr. Jayant Mehta, Mr. Dhruv Gupta and Mr. Vivek Gupta, Advocates. For the Respondent : Mr. Sumit Binani (Liquidator), Mr. Arjun Asthana and Mr. Krishnaraj Thaker, Advocates. ORDER The impugned order dated 9th June, 2020 dismissing the application of the representatives of the employees of the Company, Gujarat NRE Coke Limited (Corporate Debtor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imit from the date of the order of liquidation has elapsed. Now after lapse of more than two years, the Adjudicating Authority has declined to reconsider the Scheme on the same grounds as were taken earlier for approval of the Scheme. The revised Scheme placed by Shareholders before the Creditors has been rejected. It is noticed from the impugned order that the creditors have objected to the addit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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