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IBC - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Implementation of the approved Resolution Plan - At no point of ...

Insolvency and Bankruptcy

May 27, 2023

Implementation of the approved Resolution Plan - At no point of time, the Appellant made an application praying for any direction to the Resolution Applicant towards implementation of the Plan alleging any non-implementation - The Lenders and Banks are obliged to discharge their obligations as per the Resolution Plan. The fact that directions have been issued to the Appellant, cannot mean that Resolution Applicant is not to perform its obligation as per the Resolution Plan. - AT

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