Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + SC Insolvency and Bankruptcy - 2019 (11) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (11) TMI 1403 - SC - Insolvency and BankruptcyReconsideration of nil payment to all Operational Creditors as per the Resolution Plan submitted by Committee of Creditors - whether the matter should be sent back to the Committee of Creditors to balance the interests of all the stakeholders and to reconsider the issue - HELD THAT:- It will be open for the parties to argue before the NCLT that the amount that has been paid by the Resolution Applicant should not be enhanced and that the secured creditors should be asked to take a call on whether a further hair-cut needs to be ordered so that the Operational Creditors may also receive some proportion of debts owed to them. All arguments will be open to all the parties to make before the NCLT which will be decided strictly in accordance with our latest judgment - the implementation of the Resolution Plan is not stayed. Appeal disposed off.
|