Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2020 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (12) TMI 954 - AT - Insolvency and BankruptcyApproval of revised Resolution Plan - Respondent submits that if this Hon’ble Tribunal directs the Respondent No. 2 is ready to consider the revised Resolution Plan, an effort may be made if ‘Committee of Creditors’ accepts the revised Resolution Plan - HELD THAT:- The revised Resolution Plan – Annexure P/6 may be processed by the Resolution Professional as required by the provisions of IBC and if in order Resolution Professional will take steps to place the same, before ‘Committee of Creditors’. The ‘Committee of Creditors’ may consider the revised Resolution Plan and it will be for the ‘Committee of Creditors’ whether or not to accept the Resolution Plan, and if rejected may take further suitable decision regarding liquidation. Appeal disposed off.
|