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IBC - Highlights / Catch Notes

Home Highlights March 2021 Year 2021 This

Approval of Resolution plan - fresh claim of outstanding FRP ...


Corporate debtor's resolution plan approved; addresses farmers' FRP dues. No new obligations for applicant post-resolution.

March 8, 2021

Case Laws     Insolvency and Bankruptcy     Tri

Approval of Resolution plan - fresh claim of outstanding FRP dues of farmers who has supplied sugarcane to the corporate debtor - Once that process is over, the resolution applicant cannot be saddled with any kind of new liability apart from the agreed payment to the stakeholders in the Resolution Plan. - Tri

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