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IBC - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Consideration of resolution plan - The decision as to whether ...


Court Rules Banks Have Discretion to Support or Reject Resolution Plans; No Court Interference Needed.

January 8, 2019

Case Laws     Insolvency and Bankruptcy     HC

Consideration of resolution plan - The decision as to whether the respondent banks require to support a resolution plan proposed by the petitioner is a matter of their commercial wisdom and warrants no interference from this Court.

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