Remission of Resolution Plan back to the CoC for ...

Court Upholds CoC Request to Reconsider Resolution Plan Clause, Ensuring Promoters' Liability on Personal Guarantees Remains Intact.

February 14, 2023

Case Laws Insolvency and Bankruptcy AT

Remission of Resolution Plan back to the CoC for reconsideration, at the request of Financial Creditors - The present is a case where CoC is not asking to withdraw from the Plan or asking for reviewing the entire Resolution Plan rather CoC has asked for leave of the Court for deleting clause in the plan which sought to release the promoters from personal guarantee given to the Financial Creditors. - Order cannot be held as invalid - AT

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Remission of Resolution Plan back to the CoC for ...

Court Upholds CoC Request to Reconsider Resolution Plan Clause, Ensuring Promoters' Liability on Personal Guarantees Remains Intact.

February 14, 2023

Case Laws Insolvency and Bankruptcy AT

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