CIRP - Physical inspection of plant and machinery of the ...

Monitoring Committee Must Facilitate, Not Obstruct, Resolution Plan Implementation for Corporate Debtor; Collaborate to Overcome Obstacles.

May 16, 2022

Case Laws Insolvency and Bankruptcy AT

CIRP - Physical inspection of plant and machinery of the Corporate Debtor - After approval of the Resolution Plan, Monitoring Committee under the statutory scheme is to function for process of implementation of Resolution Plan and has not to act as any adversary body to the Resolution Applicant. If there were any genuine roadblocks found in the implementation of the plan, Monitoring Committee as well as Monitoring Professional is to use their good offices to sort out the difficulties and not to create roadblocks themselves in successful resolution of the Corporate Debtor. - AT

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CIRP - Physical inspection of plant and machinery of the ...

Monitoring Committee Must Facilitate, Not Obstruct, Resolution Plan Implementation for Corporate Debtor; Collaborate to Overcome Obstacles.

May 16, 2022

Case Laws Insolvency and Bankruptcy AT

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