Approval of the resolution plan - ascertaining the liquidation ...
Insolvency and Bankruptcy
March 24, 2022
Approval of the resolution plan - ascertaining the liquidation value of the Corporate Debtor - The Appellant did not raise any objection regarding assessment of the liquidation value before the Adjudicating Authority - there is no organic error in the calculation of liquidation value of the corporate debtor and, therefore, the payment proposed in the successful resolution plan keeping the liquidation value so arrived at cannot be found fault with. - The Resolution Plan was approved by the CoC in its commercial wisdom and later by the Adjudicating Authority. - AT
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