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Interpretation of statute - Scope of the term "OR" - The word ...

Case Laws     Insolvency and Bankruptcy

September 12, 2023

Interpretation of statute - Scope of the term "OR" - The word ‘or’ in the said sub-regulation should be read as ‘in addition to’ and not ‘to the exclusion of’. This means that the resolution professional may, if envisaged in the request of the resolution plan, can allow under the said sub-regulation, modification of the resolution plan received, albeit only once. - SC

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