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

Resolution Plan Revoked: CIRP Deemed Faulty Due to Conflicted CoC; Section 7 Admission Order Quashed.

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

Resolution Plan Revoked: CIRP Deemed Faulty Due to Conflicted CoC; Section 7 Admission Order Quashed.

March 18, 2023

Case Laws Insolvency and Bankruptcy AT

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