Security Interest or Voting Shares? How the CoC Decides Distribution While Approving Resolution Plan In IBC
The insolvency resolution process can be initiated by a financial creditor, operational creditor, or the corporate debtor. Once the corporate debtor is admitted into insolvency, an interim resolution professional (IRP) takes over the management and issues a public announcement. Based on this, creditors file their claims, after which a committee of creditors (CoC) is constituted. Thereafter, the CoC can either […]
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