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IBC - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Approval of Resolution Plan - The Adjudicating Authority has not ...

Case Laws     Insolvency and Bankruptcy

February 10, 2022

Approval of Resolution Plan - The Adjudicating Authority has not taken cognizance of the award and rejected the application filed by the Appellant. Since the Appellants claim is also supported by an arbitration award, which has not been considered either by Adjudicating Authority or Resolution Professional. Therefore, it is appropriate that the claim of the Appellant should be reconsidered even based on the arbitration award - The Resolution Professional to consider the claims of the Appellant & to proceed further in accordance with the law. - AT

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