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IBC - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

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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