Approval of the resolution plan - dissenting financial creditor ...

Insolvency and Bankruptcy

June 21, 2021

Approval of the resolution plan - dissenting financial creditor - order of priority among the creditors as also the priority and value of the security interest of a secured creditor - The extent of value receivable by the appellant is distinctly given out in the resolution plan i.e., a sum of INR 2.026 crores which is in the same proportion and percentage as provided to the other secured financial creditors with reference to their respective admitted claims. - the business decision taken in exercise of the commercial wisdom of CoC does not call for interference - SC

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Approval of the resolution plan - dissenting financial creditor ...

Insolvency and Bankruptcy

June 21, 2021

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