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

Section 32A of Insolvency Code Shields Debtors from New Claims Post-Resolution Plan Approval; Validity Upheld by Tribunal.

June 11, 2021

Case Laws Insolvency and Bankruptcy Tri

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

Section 32A of Insolvency Code Shields Debtors from New Claims Post-Resolution Plan Approval; Validity Upheld by Tribunal.

June 11, 2021

Case Laws Insolvency and Bankruptcy Tri

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