Analyzing the Limits of Appeal Under Sections 61(3)(ii) and 62 of the IBC in Challenging a CoC-Approved Resolution Plan
Introduction When a competitor enters the Corporate Insolvency Resolution Process (CIRP), the primary objective of industry participants is often the acquisition of the distressed entity through a comprehensive resolution plan. However, the bidding process is frequently characterised by intense competition, which may culminate in litigation challenging the decisions of the Committee of Creditors (CoC). One such dispute emerged during the […]
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