Corporation Bank Vs. Amtek Auto Ltd. And Other [CA Nos. 567/2018 & 601/2018 In CP (IB) No.42/Chd/Hry/2017]

In this case, Corporation Bank Vs. Amtek Auto Ltd. And Other [CA Nos. 567/2018 & 601/2018 In CP (IB) No.42/Chd/Hry/2017], the instant application was submitted on behalf of the Committee of Creditors pursuant to Section 60(5), read with Section 74(3) of the Insolvency Bankruptcy Code 2016, in order to designate the resolution applicant to whom the resolution agreement is binding pursuant to Section 31 of the Code as disqualified, for intentionally contravening the provisions of the plan and failing to enforce the same. 

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