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IBC - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Validity of approval of Resolution Plan - Dues of EPF - Seeking ...

Insolvency and Bankruptcy

December 24, 2022

Validity of approval of Resolution Plan - Dues of EPF - Seeking entire claim to be allowed on priority - the ‘Petitioner’ / ‘Appellant’ is ‘not a Party’ to the ‘Proceedings’ - the Resolution Plan came to be approved with a majority of 97.18% Vote, by giving a due consideration and weightage to the commercial wisdom of the Committee of Creditors, this Tribunal comes to a resultant conclusion, that the impugned order in allowing the IA No.746/2021, by approving the Resolution Plan, is free from any Legal Flaws. - AT

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