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IBC - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

The resolution plan of the concerned corporate debtor(s) has not ...

Case Laws     Insolvency and Bankruptcy

February 19, 2019

The resolution plan of the concerned corporate debtor(s) has not been approved by requisite percent of voting share of the financial creditors; and in absence of any alternative resolution plan presented within the statutory period of 270 days, the inevitable sequel is to initiate liquidation process under Section 33 of the Code.

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