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IBC - Highlights / Catch Notes

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Approval of resolution plan - Seeking to restrain the ...


CoC's 94.96% Approval for Resolution Plan Upheld; No Violation of CIRP Regulation 39 (1A) Found.

June 30, 2023

Case Laws     Insolvency and Bankruptcy     AT

Approval of resolution plan - Seeking to restrain the Respondents from proceeding with the Challenge Process - the CoC has approved the Resolution Plan of Respondent No. 3 by majority of 94.96%, does not find any violation of Regulation 39 (1A) of the CIRP Regulations or any other provisions of the Code. - No reason to interfere in the CRIP - AT

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