Validity of Resolution Plan - upfront payment suggested by the ...

Case Laws Insolvency and Bankruptcy

May 31, 2019

Validity of Resolution Plan - upfront payment suggested by the ‘Resolution Applicant’ being less than average of the liquidation value to the ‘Financial/Operational Creditors’ - It is open to the ‘COC’ to negotiate and ask the ‘Resolution Applicant’ to revise its plan, if it does not confront with the ‘I&B Code’ - directed to match liquidation value or ‘Resolution Plan’ will be treated to be set aside

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Validity of Resolution Plan - upfront payment suggested by the ...

Case Laws Insolvency and Bankruptcy

May 31, 2019

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