Eligibility to submit resolution plan - the Successful ...
Resolution Plan for Earth Infrastructure Ltd. Approved; Appeal Dismissed, No Grounds to Challenge Eligibility or Approval.
April 30, 2022
Case Laws Insolvency and Bankruptcy AT
Eligibility to submit resolution plan - the Successful Resolution Applicant working through Mrs. Rashmi Saxena, one of its directors, was not ineligible to submit a resolution plan of the Corporate Debtor/Earth Infrastructure Ltd.. Moreover, the resolution plan has been approved by the financial creditors in class voting through their authorized representative - there are no reason to interfere with the impugned order - appeal dismissed. - AT
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