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IBC - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

The approval of a Resolution Plan by the CoC is to be accepted ...


Adjudicating Authority Must Accept CoC-Approved Resolution Plan with 66% Vote; Binding on Debtor and Stakeholders.

June 10, 2019

Case Laws     Insolvency and Bankruptcy     Tri

The approval of a Resolution Plan by the CoC is to be accepted in toto by the Adjudicating authority if a 66% voting share approves the said plan - The Resolution Plan is binding on the Corporate Debtor and other stakeholders involved - Revival of the Debtor company ordered.

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