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IBC - Highlights / Catch Notes

Home Highlights June 2021 Year 2021 This

Fresh claim after approval of resolution plan - Arrears against ...

Insolvency and Bankruptcy

June 11, 2021

Fresh claim after approval of resolution plan - Arrears against the Corporate Debtor/Applicant - As soon as the Order approving the Resolution Plan was passed by this Tribunal, and the Plan was put into effect, Section 32A of the Code is attracted. Therefore, R1 is barred from raising any arrears against the Corporate Debtor/Applicant at this juncture - constitutional validity of Section 32A has been upheld. - Tri

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