Approval of the resolution plan - dissenting financial creditor ...

Supreme Court Upholds Committee of Creditors' Decision on Priority and Security Interest in Resolution Plan.

June 21, 2021

Case Laws Insolvency and Bankruptcy SC

Approval of the resolution plan - dissenting financial creditor - order of priority among the creditors as also the priority and value of the security interest of a secured creditor - The extent of value receivable by the appellant is distinctly given out in the resolution plan i.e., a sum of INR 2.026 crores which is in the same proportion and percentage as provided to the other secured financial creditors with reference to their respective admitted claims. - the business decision taken in exercise of the commercial wisdom of CoC does not call for interference - SC

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Approval of the resolution plan - dissenting financial creditor ...

Supreme Court Upholds Committee of Creditors' Decision on Priority and Security Interest in Resolution Plan.

June 21, 2021

Case Laws Insolvency and Bankruptcy SC

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