Approval of Resolution plan under I&B Code - Operational ...

Resolution Plan Violates Section 30(2)(b) of Insolvency Code; Directive Issued for Equal Treatment of Creditors.

July 16, 2019

Case Laws Insolvency and Bankruptcy AT

Approval of Resolution plan under I&B Code - Operational Creditor has been paid Nil as against 27.83% to the Financial Creditor - distribution as made between the FC and the OC is arbitrary and discriminatory and in contravention of Section 30(2)(b) of the ‘I&B Code’ - directed to modify the plan with same treatment to OC

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Approval of Resolution plan under I&B Code - Operational ...

Resolution Plan Violates Section 30(2)(b) of Insolvency Code; Directive Issued for Equal Treatment of Creditors.

July 16, 2019

Case Laws Insolvency and Bankruptcy AT

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