Power of RP or CoC to call for final compliant Resolution Plan ...

Insolvency and Bankruptcy

August 18, 2022

Power of RP or CoC to call for final compliant Resolution Plan once the CoC concluded the negotiations on Resolution Plans - only resolution plan submitted by the applicant was deemed to be approved - this Tribunal is of the view that the amendment is only to consider the feasibility, viability of each plan and not to call fresh resolution plans (decided by RP) under the guise of final compliant resolution plan. - AT

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Power of RP or CoC to call for final compliant Resolution Plan ...

Insolvency and Bankruptcy

August 18, 2022

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