Resolution Plan Shields Applicant from Pre-CIRP Claims; Ensures Continuation of Corporate Debtor's Permits and Licenses.

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Full Text of the Document

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....Seeking approval of the Resolution Plan - The Resolution Applicant cannot be saddled with any previous claim against the Corporate Debtor prior to initiation of its CIRP. For the permits, licenses, leases, or any other statutory right vested in the Corporate Debtor shall remain with the Corporate Debtor and for the continuation of such statutory rights, the Resolution Applicant has to approach the concerned statutory authorities under relevant laws. - AT....