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IBC - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Approval of Resolution Plan - actions of the Resolution ...

Insolvency and Bankruptcy

March 30, 2023

Approval of Resolution Plan - actions of the Resolution Professional and the CoC are consistent with the NCLAT order or not - When none of the Resolution Plans was approved, the CoC under the CIRP Regulations was empowered to issue fresh RFRP. There are no error in the order of the Adjudicating Authority refusing the prayers of the Appellant to reissue RFRP and reinitiate the voting process. - AT

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