RECONSTITUTE COC AFRESH: TRIBUNAL
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The state handed over `100 crore worth land on Road No. 10, Banjara Hills, to the proposed gems park, which never came into being in the last two decades
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TSTPC facilitated the land for the proposed park with Suresh Chukkapalli
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A tribunal bench said the TSTPC cannot be treated as a creditor
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The tribunal also directed the resolution professional (RP) to reconstitute the committee of creditors (CoC) afresh
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Earlier Phoenix, which lent `9 cr to the gems park entity, got it declared as insolvent and the RP, KV Srinivas, is trying to find out a resolution on the issue
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He had included the TSTPC as creditor and gave it 65% of voting rights in the CoC
هذه القصة مأخوذة من طبعة January 24, 2021 من The Times of India Hyderabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 24, 2021 من The Times of India Hyderabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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