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Rejection of the Resolution Plan approved by the Committee of ...

Case Laws     Insolvency and Bankruptcy

November 7, 2023

Rejection of the Resolution Plan approved by the Committee of Creditors (CoC) - When the plan is approved with requisite vote, it has to be assumed that the said approval is in the commercial wisdom. More so, fixation of MSP for allotment of flats to homebuyers is a commercial decision. - There are no substance in any of the submissions raised by the Appellant challenging the approval of the Resolution Plan by the CoC - AT

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