Remission of Resolution Plan back to the CoC for ...
Insolvency and Bankruptcy
February 14, 2023
Remission of Resolution Plan back to the CoC for reconsideration, at the request of Financial Creditors - The present is a case where CoC is not asking to withdraw from the Plan or asking for reviewing the entire Resolution Plan rather CoC has asked for leave of the Court for deleting clause in the plan which sought to release the promoters from personal guarantee given to the Financial Creditors. - Order cannot be held as invalid - AT
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