‘Committee of Creditors’ may consider revised Resolution Plan

Jay Overseas Pvt. Ltd. Vs George Samuel (NCLAT Delhi) The Learned Counsel are not disputing that Respondent No. 2 is ‘Committee of Creditors’ having 100% voting right. The Learned Counsel for Respondent No. 2 submits that if this Hon’ble Tribunal directs the Respondent No. 2 is ready to consider the revised Resolution Plan (Annexure P/6). Counsel for Respondent No. 1 does not object. In view of above, an effort may be made if ‘Committee of Creditors’ accepts the revised Resolution Plan (Annexure P/6). As liquidation order is yet not passed, there will be no harm if attempt is made to...