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    <title>DISTRIBUTION OF PROFIT TO ERSTWHILE PROMOTERS NOT ALLOWED – IBC</title>
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    <description>Where neither the RfRP nor the approved resolution plan addresses distribution of EBITDA generated during CIRP, erstwhile promoters or the CoC cannot belatedly claim such distribution, since permitting post approval or late claims would undermine the IBC&#039;s time bound, purposive scheme and commercial certainty for successful resolution applicants.</description>
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      <description>Where neither the RfRP nor the approved resolution plan addresses distribution of EBITDA generated during CIRP, erstwhile promoters or the CoC cannot belatedly claim such distribution, since permitting post approval or late claims would undermine the IBC&#039;s time bound, purposive scheme and commercial certainty for successful resolution applicants.</description>
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