Rejection of Resolution Plan - CIRP process - Even though the ...

Suspended Board Can Attend CIRP Meetings but Lacks Voting Power on Resolution Plan; Cannot Dictate CoC Decisions.

June 27, 2020

Case Laws Insolvency and Bankruptcy AT

Rejection of Resolution Plan - CIRP process - Even though the suspended Board of Directors has a right to attend the meeting and may offer any suggestion but they cannot force their decision on their terms to Committee of Creditors especially when the suspended Board of Directors has no right to vote on the Resolution Plan.

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Rejection of Resolution Plan - CIRP process - Even though the ...

Suspended Board Can Attend CIRP Meetings but Lacks Voting Power on Resolution Plan; Cannot Dictate CoC Decisions.

June 27, 2020

Case Laws Insolvency and Bankruptcy AT

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