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IBC - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Implementation of approved Resolution Plan - successful ...

Insolvency and Bankruptcy

September 2, 2020

Implementation of approved Resolution Plan - successful resolution applicant cannot suddenly be faced with “undecided” claims after the resolution plan submitted by him has been accepted. All claims must be submitted to and decided by the resolution professional, so that a prospective Resolution Applicant knows exactly, what has to be paid, in order that it may then take over and run the business of the Corporate Debtor - AT

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