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IBC - Highlights / Catch Notes

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Validity of unilateral changes made to the Resolution Plan - ...

Insolvency and Bankruptcy

May 13, 2021

Validity of unilateral changes made to the Resolution Plan - implementation of Resolution Plan - It is for the respondent Banks to take a decision as to whether the petitioner Company should be revived and whether additional money has to be pumped in by them, but this Court cannot give a direction to take forward the conclusions arrived in the Joint Lenders Meeting held on 19th and 27th of March, 2020, to the logical end. - HC

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