In the matter of SREI Equipment Finance Ltd. Vs. Shree Shankar Infratech Pvt. Ltd. & Ors. CA(AT)(Ins) No. 341 of 2020

In the matter of SREI Equipment Finance Ltd. Vs. Shree Shankar Infratech Pvt. Ltd. & Ors. CA(AT)(Ins) No. 341 of 2020

Insolvency & Bankruptcy

The Corporate Insolvency Resolution Process the parties have settled the claim before the Adjudicating Authority through mechanism available under Section 12A with 100% voting share of the Committee of Creditors, we find no merit in this appeal.

Since, in the Corporate Insolvency Resolution Process the parties have settled the claim before the Adjudicating Authority through mechanism available under Section 12A with 100% voting share of the Committee of Creditors, we find no merit in this appeal. Appeal is accordingly dismissed.



However, this shall not preclude the Appellant from approaching the Adjudicating Authority with a proper application, if the cause survives.



[Justice Bansi Lal Bhat]


Member (Judicial)



[V. P. Singh]


Member (Technical)

LEGAL REFERENCES
Section 12A Form 12A
CONCEPTS
SRE CIRP
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