Cost of CIRP / Liquidation - Liability of operational creditors ...

Court Grants Relief to Small Suppliers in Financial Strain, Orders Asset Distribution as per Section 53 of Insolvency Code.

December 3, 2022

Case Laws Insolvency and Bankruptcy AT

Cost of CIRP / Liquidation - Liability of operational creditors - Appellants are small suppliers and they don’t want to be burdened with additional liability as their business is in a very bad shape and they have lost already a crore plus. - Prayer accepted - Let Liquidation be continued and let amount be realized during Liquidation and be distributed in accordance with section 53 of the Code. - AT

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Cost of CIRP / Liquidation - Liability of operational creditors ...

Court Grants Relief to Small Suppliers in Financial Strain, Orders Asset Distribution as per Section 53 of Insolvency Code.

December 3, 2022

Case Laws Insolvency and Bankruptcy AT

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