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IBC - Highlights / Catch Notes

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Seeking Liquidation of Corporate Debtor - no resolution plan ...

Insolvency and Bankruptcy

May 17, 2023

Seeking Liquidation of Corporate Debtor - no resolution plan received till date (by RP) - no error can be said to have been committed by the Committee of Creditors in taking decision of liquidation when no resolution plan was received by the Resolution Professional inspite of extending the date. - AT

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