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IBC - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Approval of the Resolution Plan approved by the Committee of ...

Insolvency and Bankruptcy

February 17, 2022

Approval of the Resolution Plan approved by the Committee of Creditors (CoC) - Commercial Wisdom of the CoC with respect to viability and financial decision taken while evaluating the Resolution Plan has to prevail, unless the Plan approved by the CoC is in conflict with any provision of the law and the distribution mechanisation suppressed the interest of the stakeholders besides taking care of the maximisation of the value of the assets of the corporate debtor, judicial intervention would not be warranted. - AT

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