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IBC - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Validity of approval of Resolution Plan - the amount was the ...

Insolvency and Bankruptcy

February 23, 2023

Validity of approval of Resolution Plan - the amount was the share of the Appellant for submitting Bid Bond Bank Guarantee by the consortium, Appellant being one of the member of the consortium. The agreement dated 24.10.2018 which was basis of the claim of the Appellant in no manner indicate that the amount was given in trust to the Corporate Debtor. - Claim was rightly rejected - AT

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