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IBC - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Approval of Resolution plan - payments to related parties - ...

Insolvency and Bankruptcy

January 10, 2024

Approval of Resolution plan - payments to related parties - discrimination in Resolution Plan - No workers and employees have any grievance nor any workers and employees is dissatisfied with the payments made under the plan to them nor have they come in Appeal. Plan has been approved with 82.40% vote shares of the CoC - view of the Adjudicating Authority also confirmed that there is no non-compliance of Section 30(2) of the IBC. - AT

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