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IBC - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

CIRP - Disapproval of Resolution Plan - Liquidation of the ...

Insolvency and Bankruptcy

January 2, 2024

CIRP - Disapproval of Resolution Plan - Liquidation of the Corporate Debtor ordered - ineligible under Section 29 (A) (g) of the Code - It is evident that once the Resolution Applicant become ineligible under Section 29 (A) (g) of the Code, the Adjudicating Authority is bound to reject the Resolution Plan and consequently order for Liquidation of the Corporate Debtor - AT

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