Sankar Panicker
The CIRP was initiated by Financial creditor, who wanted to recover the amount invested in the company, without knowing the implication of cost of CIRP, assets of the CD and the strict process.
Members of CoC did not attend CoC meetings and consequently withdrew claims submitted by them. RP was in a fix as he was unable to take any decision. Without any recourse he has approached the NCLT to take action u/s 65 and also for paying up his unpaid fees and CIRP expenses. The matter is subjudice.
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