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Home Highlights March 2023 Year 2023 This

Direction to Resolution Professional (RP) to exclude 205 Flats ...


205 Flats Excluded from Debtor's Assets; Corporate Veil Lifted; CoC-Approved Resolution Plan Bars Amendments by Creditors.

March 11, 2023

Case Laws     Insolvency and Bankruptcy     AT

Direction to Resolution Professional (RP) to exclude 205 Flats from the pool of the Assets of the Corporate Debtor - lifting of Corporate Veil - Once the Resolution Plan is approved by the CoC, the ‘Financial Creditors’ are estopped from seeking any Amendments/Modifications in the Information Memorandum. - AT

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