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IBC - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Approval of the Resolution Plan - discriminatory plan - Farmers ...


Court Upholds Creditor Classification in Insolvency Case: Farmers Get Full Dues, Appellant Receives 1.

November 22, 2022

Case Laws     Insolvency and Bankruptcy     AT

Approval of the Resolution Plan - discriminatory plan - Farmers were given 100% of the dues whereas the Appellant has given only 1% of the dues - there is no embargo for the classification of the ‘Operational Creditors’ into separate/different classes for deciding the way in which the money is to be distributed to them by the CoCs. - AT

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