TMI Blog2020 (1) TMI 1659X X X X Extracts X X X X X X X X Extracts X X X X ..... he decision taken in the meetings of lenders of Patna Highway Projects Ltd. held on 4th April, 2019 and 20th August, 2019 - HELD THAT:- It is stated that the Interim Resolution Professional has issued public announcement but Committee of Creditors has not been yet constituted - Let notice be issued on Respondents by Speed Post. Requisites alongwith process fee be filed by 27th January, 2020. If t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 4th April, 2019 and 20th August, 2019. 2. Learned counsel for the Appellant further submits that apart from the initiation of Corporate Insolvency Resolution Process by the Corporation Bank being bad, the same was in departure of the lenders decision not to initiate Corporate Insolvency Resolution Process without consent of other lenders. He further submits that the impugned order is in confl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stituted. However, he will ensure that the company remains going concern and will take assistance of the (suspended) Board of Directors. The persons who are working will perform their duties including the paid Directors. The person who is authorised to sign the bank cheques may sign cheques only after authorisation of the Interim Resolution Professional with counter signature of the Interim Res ..... X X X X Extracts X X X X X X X X Extracts X X X X
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