Corporate debtor's resolution plan approved; addresses farmers' FRP dues. No new obligations for applicant post-resolution.

Corporate debtor's resolution plan approved; addresses farmers' FRP dues. No new obligations for applicant post-resolution. https://www.taxtmi.com/highlights?id=57054 Approval of Resolution plan - fresh claim of outstanding FRP dues of farmers who has supplied sugarcane to the corporate debtor - Once that process is over, the resolution applicant cannot be saddled with any kind of new liability apart from the agreed payment to the stakeholders in the Resolution Plan. - Tri en-us Mon, 08 Mar 2021 09:28:41 +0530 Mon, 08 Mar 2021 09:28:41 +0530 TaxTMI RSS Generator Corporate debtor's resolution plan approved; addresses farmers' FRP dues. No new obligations for applicant post-resolution. https://www.taxtmi.com/highlights?id=57054 Approval of Resolution plan - fresh claim of outstanding FRP dues of farmers who has supplied sugarcane to the corporate debtor - Once that process is over, the resolution applicant cannot be saddled with any kind of new liability apart from the agreed payment to the stakeholders in the Resolution Plan. - Tri Highlights Insolvency and Bankruptcy Mon, 08 Mar 2021 09:28:41 +0530 https://www.taxtmi.com/highlights?id=57054