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    Insolvency and Bankruptcy

    Approval of Resolution Plan - The RP cannot be permitted to ride...

    Resolution Professional's Plan Faces Rejection Due to Insufficient Reliance on Committee of Creditors' Decision and Lack of Merit.

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    Insolvency and BankruptcyMay 11, 2021Case LawsTri

    Approval of Resolution Plan - The RP cannot be permitted to ride piggyback on the CoC's decision. - The facts and circumstances of the present application point only to one inescapable conclusion, that the application has been filed by the RP only to avoid any adverse scrutiny by the IBBI. That reason is not good enough to overcome major lacunae that the present application suffers from - The application does not deserve any consideration. - Tri

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