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IBC - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Validity of approval of Resolution plan - home buyers - no ...

Insolvency and Bankruptcy

December 17, 2022

Validity of approval of Resolution plan - home buyers - no opinion was obtained on feasibility and viability - when the CoC approved the Resolution Plan in its commercial wisdom, it is presumed that the approval was given to a viable and feasible plan. The Resolution Plan being approved, this Tribunal also cannot interfere with the commercial wisdom. Approval of the CoC suggest that the plan is viable and feasible. - AT

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