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Tag Archive for "decisions-taken-by-the-committee-of-creditors" -

CentrikBlogsDecisions taken by the committee of Creditors

Tag: Decisions taken by the committee of Creditors

Decisions taken by the committee of Creditors are Business plans which are Non-Justiciable: NCLAT

Posted by Adv. Asmita Chaudhary NagpalPosted on March 28, 2020March 28, 20200 CommentsCategories Corporate Litigation-All In Way, Insolvency & Bankruptcy Code 2016Tags approval of the resolution plan, corporate debtor under IBC, creditors of the insolvent company, decision making power of the Committee of Creditors, Decisions taken by the committee of Creditors, rejection of the resolution plans, resolution plan approved by the COC

As per the settled law there is no law or provision which states that either the Adjudicating or the Appellate Authority has the powers to question the resolution plan approved by the COC until and unless the same is barred by some irregularity. 

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