Court Upholds Creditor Classification in Insolvency Case: Farmers Get Full Dues, Appellant Receives 1.

Court Upholds Creditor Classification in Insolvency Case: Farmers Get Full Dues, Appellant Receives 1. https://www.taxtmi.com/highlights?id=66686 Approval of the Resolution Plan - discriminatory plan - Farmers were given 100% of the dues whereas the Appellant has given only 1% of the dues - there is no embargo for the classification of the ‘Operational Creditors’ into separate/different classes for deciding the way in which the money is to be distributed to them by the CoCs. - AT en-us Tue, 22 Nov 2022 14:57:49 +0530 Tue, 22 Nov 2022 14:57:49 +0530 TaxTMI RSS Generator Court Upholds Creditor Classification in Insolvency Case: Farmers Get Full Dues, Appellant Receives 1. https://www.taxtmi.com/highlights?id=66686 Approval of the Resolution Plan - discriminatory plan - Farmers were given 100% of the dues whereas the Appellant has given only 1% of the dues - there is no embargo for the classification of the ‘Operational Creditors’ into separate/different classes for deciding the way in which the money is to be distributed to them by the CoCs. - AT Highlights Insolvency and Bankruptcy Tue, 22 Nov 2022 14:57:49 +0530 https://www.taxtmi.com/highlights?id=66686