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IBC - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

CIRP proceedings and approval of resolution plan - judgement has ...

Insolvency and Bankruptcy

April 4, 2023

CIRP proceedings and approval of resolution plan - judgement has been obtained by playing fraud with the Court or not - The applicant in the present application has admitted that the Management of the company is under Administrator. Once Administrator was there, in normal course having been satisfied that by committing fraud judgement was obtained, then in that event it was expected for applicant No.2 to request the Administrator to take appropriate steps. - AT

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