Rejection of application seeking consideration of his resolution ...

NCLT Upholds CoC's Decision to Reject Resolution Plan Due to Lack of Assurance to Lender Banks.

July 28, 2022

Case Laws Insolvency and Bankruptcy AT

Rejection of application seeking consideration of his resolution plan submitted - Looking at the total circumstances of the case, including the views of joint lenders and also at the fact that the CoC did not wish to consider any further revised resolution plan as he had failed to provide required comfort to the lender banks by submitting/revising the resolution plan despite being provided with enough opportunities to do so, it is opined that such decision is within the ambit of commercial wisdom of the CoC. - Decision of CoC and NCLT upheld - AT

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Rejection of application seeking consideration of his resolution ...

NCLT Upholds CoC's Decision to Reject Resolution Plan Due to Lack of Assurance to Lender Banks.

July 28, 2022

Case Laws Insolvency and Bankruptcy AT

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