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Supreme Court affirms CoC's authority in deciding financial reductions and distribution among Operational Creditors in Resolution Plan.

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Full Text of the Document

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....Seeking approval of Resolution Plan - whether the Appellant herein was unfairly dealt with regarding the settlement of its Claim, under the subject Resolution Plan? - The Hon’ble Supreme Court has time and again observed that it is the CoC which has to decide the percentage of haircut, the sub classes between ‘Operational Creditors’ and the manner in which the amount is to be distributed. - AT....

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