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IBC - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Withdrawal of Resolution Plan after approval of the plan by CoC ...

Case Laws     Insolvency and Bankruptcy

May 24, 2021

Withdrawal of Resolution Plan after approval of the plan by CoC and pending approval by this Tribunal - The Resolution Applicant cannot be compelled to perform and execute the Resolution Plan when he apprehends huge losses, and should be permitted to withdraw the Plan submitted by him for approval of this Adjudicating Authority - Tri

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