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IBC - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

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

Insolvency and Bankruptcy

May 11, 2021

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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