Resolution Plan Approval: MSME Promoters Can Submit Plans, No Preferential Treatment Required by CoC Under Insolvency Code.

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Full Text of the Document

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....Seeking approval of the ‘Resolution Plan’ - rights of MSME - The Promotor being an MSME is given an opportunity under the Provisions of the Code to present a Plan. At the same time, the Code does not contemplate any kind of preference to be given to an MSME Promotor by the CoC while accepting a Resolution Plan. - AT....