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IBC - Highlights / Catch Notes

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Validity of order of CoC rejecting the claim - Seeking to ...

Insolvency and Bankruptcy

November 19, 2022

Validity of order of CoC rejecting the claim - Seeking to release the lawful dues of the Applicant and credit/make payment of TDS - Related party - Applicants had considerable control over the management of affairs of the Corporate Debtor - If in commercial wisdom the CoC has rejected the resolution for payment of salary to the Applicants, the question of reversing the decision cannot be considered - Tri

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