Approval of Resolution Plan - Sub-section (1) of Section 31 of ...

CoC Approves Resolution Plans u/s 31(1) of Insolvency Code; No Challenge Mechanism for Unsuccessful Applicants' Scores.

August 24, 2022

Case Laws Insolvency and Bankruptcy AT

Approval of Resolution Plan - Sub-section (1) of Section 31 of the I&B Code, 2016 - The Committee of Creditors invariably examine the Resolution Plan and an assessment is made through their team of experts in that regard - Further, there is no such mechanism under the Code that gives the right to the Unsuccessful Resolution Applicant to challenge the score granted as per the evaluation matrix prepared by the CoC and the Resolution Professional as per the provisions of CIRP Regulations. - AT

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Approval of Resolution Plan - Sub-section (1) of Section 31 of ...

CoC Approves Resolution Plans u/s 31(1) of Insolvency Code; No Challenge Mechanism for Unsuccessful Applicants' Scores.

August 24, 2022

Case Laws Insolvency and Bankruptcy AT

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