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IBC - Highlights / Catch Notes

Home Highlights April 2021 Year 2021 This

Approval of Resolution Plan - Resolution plan met with 66% ...

Insolvency and Bankruptcy

April 20, 2021

Approval of Resolution Plan - Resolution plan met with 66% criteria or not - In this case, even though the resolution plan of M/s. KALS Group has been approved with 100% voting in favour of it by the COC, in view of very meagre difference between both the Resolution Plans, we are of the view that there is scope for further improvement of the resolution amount to be payable by the Resolution Applicants. - AT

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