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IBC - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Approval of Resolution Plan - as the initiation of CIRP itself ...

March 18, 2023

Case Laws     Insolvency and Bankruptcy     AT

Approval of Resolution Plan - as the initiation of CIRP itself has been found to be tainted and faulty, and in addition, the subsequently constituted CoC is also found to include parties that are connected with each other and acting in concert with the corporate debtor and other parties, we are of the opinion that the interest of justice would be served if the admission order under section 7 passed by the Adjudicating Authority is quashed. - AT

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