CoC Has Authority To Modify Resolution Plan To Comply With Directions Of Supreme Court: NCLAT
Mohd Malik Chauhan
21 Nov 2024 6:30 PM IST
The NCLAT has affirmed that the CoC is empowered to modify the resolution plan in order to comply with the directions issued by the Supreme Court. In this case,while resolution plan was pending before the Adjudicating Authority, the Supreme Court passed its decision in State Tax Officer in which it was held that the debts owed to a secured creditor, which would include the State under...
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