Approval of the Resolution Plan challenged - challenged on the ...

Court Upholds Resolution Plan Allocating 0.13% to Government Dues, 44.5% to Financial Creditors, Dismisses Revenue Appeal.

August 4, 2023

Case Laws Insolvency and Bankruptcy AT

Approval of the Resolution Plan challenged - challenged on the ground that as per the Resolution Plan, only 0.13% has been earmarked towards Government dues, and the Financial Creditor is getting 44.5% of the Claim amounts and the other Operational Creditors are getting 0.51% of their Claim amounts, which is stated to be unfair. - Revenue appeal dismissed - AT

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Approval of the Resolution Plan challenged - challenged on the ...

Court Upholds Resolution Plan Allocating 0.13% to Government Dues, 44.5% to Financial Creditors, Dismisses Revenue Appeal.

August 4, 2023

Case Laws Insolvency and Bankruptcy AT

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