https://www.taxtmi.com/acts?id=37351 Amendment mandates that resolution plans secure for operational creditors a payment not less than the higher of the liquidation-distribution amount or the distribution under the statutory priority order, and that dissenting financial creditors receive no less than the liquidation-distribution amount; such distributions must be fair and equitable. The amendment applies to ongoing insolvency processes where plans are not finally determined or where appeals or legal challenges are pending, and requires consideration of the proposed manner of distribution including creditor priority and security interest value. en-us Thu, 08 Aug 2019 19:03:23 +0530 Fri, 09 Aug 2019 10:38:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37351 Amendment mandates that resolution plans secure for operational creditors a payment not less than the higher of the liquidation-distribution amount or the distribution under the statutory priority order, and that dissenting financial creditors receive no less than the liquidation-distribution amount; such distributions must be fair and equitable. The amendment applies to ongoing insolvency processes where plans are not finally determined or where appeals or legal challenges are pending, and requires consideration of the proposed manner of distribution including creditor priority and security interest value. Act-Rules F. Acts / Amendment Acts Thu, 08 Aug 2019 19:03:23 +0530 https://www.taxtmi.com/acts?id=37351