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CIRP - Approval of the Resolution Plan - Contingent Liability - ...


Resolution Plan Approved in CIRP; Contingent Provision for Appellant Questioned Due to Ongoing Arbitration Proceedings.

March 2, 2023

Case Laws     Insolvency and Bankruptcy     AT

CIRP - Approval of the Resolution Plan - Contingent Liability - there are no reason to set aside the Resolution Plan per se except for observing that the RP ought not to have made a ‘Contingent Provision’ with respect to the Appellant herein having regard to the specific facts of this case, which would be subject to the result of the Arbitration Proceedings. - AT

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