Approval of Resolution Plan - provision for the payment of ...

Case Laws Insolvency and Bankruptcy

May 14, 2021

Approval of Resolution Plan - provision for the payment of Provident Fund dues not made - After approval of the Resolution Plan under Section 31, the claims as provided in the Resolution Plan shall stand frozen and will be binding on the Corporate Debtor and its employees, members, creditors including the Central Government, any State Government or any Local Authority, Guarantors and other Stakeholders. On the approval of the Resolution Plan by the Adjudicating Authority, all such claims that are not a part of the Resolution Plan shall stand extinguished. - AT

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Approval of Resolution Plan - provision for the payment of ...

Case Laws Insolvency and Bankruptcy

May 14, 2021

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The National Company Law Appellate Tribunal (NCLAT) held that the Resolution Plan must provide for payment of Provident Fund and Gratuity dues in accordance with Section...

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