Approval of Resolution plan - assigning nil value to Intangible ...
Resolution plan's nil valuation of intangible assets overturned; new valuer to reassess fair value per two reports.
February 11, 2020
Case Laws Insolvency and Bankruptcy Tri
Approval of Resolution plan - assigning nil value to Intangible assets is an error on the face of the two Valuation Reports and hence a fresh valuer needs to be appointed to the limited extent of providing a fair value of Intangible assets - RP directed to to appoint a fresh Valuer with a limited scope of valuing the Intangible asset
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