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Home Highlights May 2021 Year 2021 This

Approval of resolution plan - during the CIRP of ACIL, no valuer ...

Insolvency and Bankruptcy

May 18, 2021

Approval of resolution plan - during the CIRP of ACIL, no valuer was appointed to determine the fair value of the shares held by the the Corporate Debtor. Therefore, the assets of the Corporate Debtor (Respondent) cannot be included in the resolution plan - Thus, the SEZ Business of the Corporate Debtor is not included in the resolution plan submitted by the Appellant. - AT

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