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Rejection of Resolution Plan - validity of the plan - no case ...


Resolution Plan Rejected: No Procedural or Material Irregularities Found; CoC's Commercial Decisions Remain Non-Justiciable Under Insolvency Law.

October 7, 2023

Case Laws     Insolvency and Bankruptcy     AT

Rejection of Resolution Plan - validity of the plan - no case has made by CRP to establish any procedural or material irregularity committed by the RP/CoC in rejecting their EoI and that the challenges raised by the CRP clearly fall within the domain of commercial wisdom of the CoC which is non-justiceable. - AT

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