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Approval of Resolution Plan - CIRP - no pleading as to how the ...


CIRP Resolution Plan Approved Without Objections; No Basis for Authority to Challenge CoC Decision per Sections 30(2) & 31.

May 5, 2023

Case Laws     Insolvency and Bankruptcy     AT

Approval of Resolution Plan - CIRP - no pleading as to how the resolution plan goes against the requirement of Section 30(2) and Section 31 of the Code and hence there is no reason for the Adjudicating Authority to have interfered with the decision of the CoC in approving the resolution plan. - AT

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