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IBC - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Approval of Resolution Plan - The Resolution Plan does not ...

Insolvency and Bankruptcy

April 18, 2020

Approval of Resolution Plan - The Resolution Plan does not appear to have taken care of interest of all stakeholders including Operational Creditors and the decision of the COC also does not reflect that it has taken into account the fact that the Corporate Debtor needs to be kept as a going concern and that there is need to maximise the value of the assets and that the interest of all the stakeholders including Operational Creditor has to be taken care of.

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