Lack of Valuer Leads to SEZ Business Exclusion in ACIL's Insolvency Resolution Plan Under CIRP.

Lack of Valuer Leads to SEZ Business Exclusion in ACIL's Insolvency Resolution Plan Under CIRP. https://www.taxtmi.com/highlights?id=58011 Approval of resolution plan - during the CIRP of ACIL, no valuer was appointed to determine the fair value of the shares held by the the Corporate Debtor. Therefore, the assets of the Corporate Debtor (Respondent) cannot be included in the resolution plan - Thus, the SEZ Business of the Corporate Debtor is not included in the resolution plan submitted by the Appellant. - AT en-us Tue, 18 May 2021 12:45:50 +0530 Tue, 18 May 2021 12:45:50 +0530 TaxTMI RSS Generator Lack of Valuer Leads to SEZ Business Exclusion in ACIL's Insolvency Resolution Plan Under CIRP. https://www.taxtmi.com/highlights?id=58011 Approval of resolution plan - during the CIRP of ACIL, no valuer was appointed to determine the fair value of the shares held by the the Corporate Debtor. Therefore, the assets of the Corporate Debtor (Respondent) cannot be included in the resolution plan - Thus, the SEZ Business of the Corporate Debtor is not included in the resolution plan submitted by the Appellant. - AT Highlights Insolvency and Bankruptcy Tue, 18 May 2021 12:45:50 +0530 https://www.taxtmi.com/highlights?id=58011