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Tag Archive for "approval-of-resolution-plan-by-committee-of-creditors" -

CentrikBlogsapproval of resolution plan by Committee of Creditors

Tag: approval of resolution plan by Committee of Creditors

AA has limited power of judicial review if resolution plan is approved by CoC: SC

Posted by ajay.shuklaPosted on July 31, 2021August 7, 20210 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags approval of resolution plan by Committee of Creditors, approval of the resolution plan, authority to permit resolution plan, claims of operational creditors, Committee of Creditors, Financial Creditors under IBC, IBC goals before approving a plan, liquidation of the Corporate Debtor, resolution of the corporate debtor, resolution plan is approved by CoC

Supreme Court’s decision in Maharashtra Seamless Limited shows that the commercial wisdom of the CoC will be given top priority when deciding on the feasibility and viability of the resolution plan.

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