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IBC - Highlights / Catch Notes

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Consideration of claim of appellant, after the resolution plan ...

Insolvency and Bankruptcy

November 12, 2022

Consideration of claim of appellant, after the resolution plan is approved - time limitation - It is well settled that the commercial wisdom of the Committee of Creditors is paramount and cannot be interfered with by the Adjudicating Authority or this Tribunal - Admittedly, the Appellant has not filed its claim within the time and the claim is time barred. - AT

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