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IBC - Highlights / Catch Notes

Home Highlights July 2022 Year 2022 This

Seeking approval of the Resolution Plan - The Resolution ...

Insolvency and Bankruptcy

July 25, 2022

Seeking approval of the Resolution Plan - The Resolution Applicant cannot be saddled with any previous claim against the Corporate Debtor prior to initiation of its CIRP. For the permits, licenses, leases, or any other statutory right vested in the Corporate Debtor shall remain with the Corporate Debtor and for the continuation of such statutory rights, the Resolution Applicant has to approach the concerned statutory authorities under relevant laws. - AT

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