If the ‘Corporate Debtor’ is MSME, it is not necessary for the ...

MSME Promoters Can Regain Control Without Competing; Creditors May Delay Info Release for Viable Plans.

September 21, 2019

Case Laws Insolvency and Bankruptcy AT

If the ‘Corporate Debtor’ is MSME, it is not necessary for the Promoters to compete with other ‘Resolution Applicants’ to regain the control of the ‘Corporate Debtor’ - it is open to the ‘Committee of Creditors’ to defer the process of issuance of ‘Information Memorandum’, if the Promoter of MSME offers a viable and feasible plan maximising the assets of the ‘Corporate Debtor’ and balancing all the stakeholders. - AT

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If the ‘Corporate Debtor’ is MSME, it is not necessary for the ...

MSME Promoters Can Regain Control Without Competing; Creditors May Delay Info Release for Viable Plans.

September 21, 2019

Case Laws Insolvency and Bankruptcy AT

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