Approval of Resolution Plan - CIRP process - dissenting ...

Financial creditors can't challenge CoC-approved resolution plans during CIRP before Adjudicating Authority approval u/s 30(2) of IBC.

September 12, 2020

Case Laws Insolvency and Bankruptcy Tri

Approval of Resolution Plan - CIRP process - dissenting financial creditors - No financial creditor either assenting or dissenting can challenge a Resolution Plan, as approved by the CoC, even before the Adjudicating Authority approve the said Plan on the ground that the Plan does not meet the requirements of Section 30 (2) of the Code. Hence, there is no need to examine the rival submissions on this issue at this stage. - Tri

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Approval of Resolution Plan - CIRP process - dissenting ...

Financial creditors can't challenge CoC-approved resolution plans during CIRP before Adjudicating Authority approval u/s 30(2) of IBC.

September 12, 2020

Case Laws Insolvency and Bankruptcy Tri

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