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IBC - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Settlement proposal under Section 12A of IBS - Resolution Plan ...


Insolvency Code Misstep: Authority Wrongly Allows Settlement Talks Post-Resolution Plan Approval Application.

January 12, 2024

Case Laws     Insolvency and Bankruptcy     AT

Settlement proposal under Section 12A of IBS - Resolution Plan already approved by the Coc - The Adjudicating Authority committed error in giving an opportunity to Respondent No. 1 to arrive at acceptable settlement. - The application for approval of the Resolution Plan which has already been filed and pending consideration, the Adjudicating Authority ought to have considered and decided the Application for approval of the plan - AT

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