TMI BlogFresh claim after approval of Resolution Plan - Consequence of Award in the arbitration proceedings -...Fresh claim after approval of Resolution Plan - Consequence of Award in the arbitration proceedings - The view of the Supreme Court as crystallized in Essar is that pre-existing and undecided claims which have not featured in the collation of claims and consequent consideration by the Resolution Professional shall be treated as extinguished upon approval of the Resolution Plan under Section 31 of the IBC. This can be seen as a necessary and an inevitable fallout of the IBC in order to prevent, i..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
