Order Approving Resolution Plan for Corporate Debtor Is Final; No Recall or Review Permitted in Insolvency Cases.

Order Approving Resolution Plan for Corporate Debtor Is Final; No Recall or Review Permitted in Insolvency Cases. https://www.taxtmi.com/highlights?id=60504 Consideration of new/undecided claims, after implementation of Resolution plan - There is no legal provision that allows it to recall or review its order approving the resolution plan for the corporate debtor. Moreover, once the Resolution Plan has been approved and implemented, any new/undecided claims cannot be considered - AT en-us Mon, 15 Nov 2021 13:17:34 +0530 Mon, 15 Nov 2021 13:17:34 +0530 TaxTMI RSS Generator Order Approving Resolution Plan for Corporate Debtor Is Final; No Recall or Review Permitted in Insolvency Cases. https://www.taxtmi.com/highlights?id=60504 Consideration of new/undecided claims, after implementation of Resolution plan - There is no legal provision that allows it to recall or review its order approving the resolution plan for the corporate debtor. Moreover, once the Resolution Plan has been approved and implemented, any new/undecided claims cannot be considered - AT Highlights Insolvency and Bankruptcy Mon, 15 Nov 2021 13:17:34 +0530 https://www.taxtmi.com/highlights?id=60504