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Tag Archive for "conditional-resolution-plan" -

CentrikBlogsconditional resolution plan

Tag: conditional resolution plan

Debts incurred during CIRP are also a part of IRP costs, says NCLAT

Posted by khyatikhemkaPosted on August 8, 2022August 13, 20220 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags CIRP against Corporate Debtor, CIRP Cost under IBC, CIRP proceedings, conditional resolution plan, corporate insolvency resolution process, insolvency resolution process costs, latest supreme court judgement on nclt, non implementation of resolution plan, Supreme Court Judgement on IBC

the Resolution Plan in question is in violation of section 30(2) (a) of the IBC. The NCLAT subsequently modified the Resolution Plan to include this claim in accordance with the law.

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