Validity of approved Resolution Plan - Order of liquidation ...

Resolution Plan's Delay Leads to Liquidation; Appellant's Repayment Proposal Rejected as Untimely Under Insolvency Code.

December 25, 2023

Case Laws Insolvency and Bankruptcy AT

Validity of approved Resolution Plan - Order of liquidation issued - the contention of the Learned Counsel for the Appellant that if the Appellant is allowed to manage the Corporate Debtor Company, the Appellant shall repay the money to the Bank in a ‘short period’, is untenable, specifically having regard to the fact that the Plan was approved way back in 2019, IBC is a time-bound process, and several opportunities were given for implementation of the original Plan as well as the modified Plan. - AT

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Validity of approved Resolution Plan - Order of liquidation ...

Resolution Plan's Delay Leads to Liquidation; Appellant's Repayment Proposal Rejected as Untimely Under Insolvency Code.

December 25, 2023

Case Laws Insolvency and Bankruptcy AT

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