Resolution Applicants Shouldn't Face New Claims Post-Approval in CIRP; Avoid "Hydra Head" Disruptions in Business Takeovers.

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Full Text of the Document

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....Corporate Insolvency resolution process (CIRP) - A successful resolution applicant cannot suddenly be faced with “undecided” claims after the resolution plan submitted by him has been accepted as this would amount to a hydra head popping up which would throw into uncertainty amounts payable by a prospective resolution applicant who successfully take over the business of the corporate debtor.....