Not to count Voting % of absent Financial Creditors to count voting shares: NCLAT

IDBI Bank Limited Vs Mr. Anuj Jain (National Company Law Appellate Tribunal) As the voting is on, which is likely to be completed today by 5.00 p.m., we are not inclined to pass any specific order in the present I.A. No. 1857 of 2019 filed by the ‘IDBI Bank Limited’. After voting the decision if taken in terms of the earlier order passed by this Appellate Tribunal on 17th May, 2019, the ‘Resolution Professional’ instead of placing the matter before the Adjudicating Authority (NCLT), will first place the decision of the ‘Committee of Creditors’ before this Appellate Tribunal for fur...