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Home Highlights November 2021 Year 2021 This

CIRP proceedings - on the basis of parity being deployed by the ...

Insolvency and Bankruptcy

November 15, 2021

CIRP proceedings - on the basis of parity being deployed by the RP in admitting claims of both category of financial creditors, there remains no reason to be aggrieved. It is a settled principle that one cannot approbate and reprobate at the same time. Thus, in case the interest element is to be excluded in computation of the claim amount of unsecured financial creditors, the same needs to be excluded from the claim amount of secured financial creditors as well. - Tri

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