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Home Highlights June 2020 Year 2020 This

Rejection of Resolution Plan - CIRP process - Even though the ...

Insolvency and Bankruptcy

June 27, 2020

Rejection of Resolution Plan - CIRP process - Even though the suspended Board of Directors has a right to attend the meeting and may offer any suggestion but they cannot force their decision on their terms to Committee of Creditors especially when the suspended Board of Directors has no right to vote on the Resolution Plan.

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