CIRP - Objection to the Resolution Plan approved by the ...
CoC's Resolution Plan Stands Valid Despite Changes in Composition; New Member Inclusion Doesn't Affect Approval.
June 3, 2023
Case Laws Insolvency and Bankruptcy AT
CIRP - Objection to the Resolution Plan approved by the Committee of Creditor - decisions taken by the CoC are not invalidated by a subsequent change in the composition of the COC. Therefore, even though the Appellant was not in the COC when the Final Plan was approved, the approval of the Final Plan by the COC is not vitiated by the subsequent inclusion of the Appellant - AT
View Source