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IBC - Highlights / Catch Notes

Home Highlights April 2022 Year 2022 This

Eligibility to submit resolution plan - the Successful ...

Insolvency and Bankruptcy

April 30, 2022

Eligibility to submit resolution plan - the Successful Resolution Applicant working through Mrs. Rashmi Saxena, one of its directors, was not ineligible to submit a resolution plan of the Corporate Debtor/Earth Infrastructure Ltd.. Moreover, the resolution plan has been approved by the financial creditors in class voting through their authorized representative - there are no reason to interfere with the impugned order - appeal dismissed. - AT

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