In the matter of A. Srinivasan Vs. PMI Engineering Exports Pvt. Ltd. CA(AT)(Ins) No. 45 of 2020

In the matter of A. Srinivasan Vs. PMI Engineering Exports Pvt. Ltd. CA(AT)(Ins) No. 45 of 2020

Insolvency & Bankruptcy

It is lucidly made clear that if a settlement is not on the cards, then the ‘Argument’ will have to be addressed on both sides on the next hearing date, failing which the Order.

At request of the Appellant side for making an endeavour to reach an amicable settlement with other side, the matter is adjourned to 11th February, 2020.


It is lucidly made clear that if a settlement is not on the cards, then the ‘Argument’ will have to be addressed on both sides on the next hearing date, failing which the Order dated 10th January, 2020 to the effect, that the ‘Interim Resolution Professional’ will not constitute ‘Committee of Creditors’ if not yet constituted shall stand vacated.


[Justice Venugopal M.]


Member (Judicial)

[Vijai Pratap Singh]


Member (Technical)

[Shreesha Merla]


Member (Technical)

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