In the Matter of Deegee Cotsyn Private Limited

This is an Application by IDBI Bank Limited, Applicant (hereinafter referred to as the Applicant) Under Section 60 (5) of Insolvency and
Bankruptcy Code, 2016 seeking direction against the Resolution Professional of the Corporate Debtor for admission of claim as per the
FORM C and to update the Committee of Creditors voting share ratio after admitting the claim of the Applicant.
Applicant sought following prayers vide this Application:
a. That this Hon’ble Adjudicating Authority direct the Respondent that the claim of the Applicant as per the FORM C dated 12th September 2019 be admitted by the Respondent;
b. That this Hon’ble Adjudicating Authority direct the Respondent to Stop the E – Voting scheduled on November 04, 2019 (Monday) at 4:00 PM till November 08, 2019 (Friday) at 4:00 PM and initiate the laiddown process after admitting aforesaid claim of the Applicant

c. That the Respondent be direct to update the Committee of Creditors voting share ratio after admitting the claim of the
Applicant;
d. For cost;
e. For such other and further reliefs as the Hon’ble Adjudicating Authority may deem fit.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.