Approval of Resolution Plan below Liquidation Value is within Commercial Wisdom of CoC: NCLAT [Read Order]
The approval of Resolution Plan below Liquidation Value is within Commercial Wisdom of CoC, rules NCLAT
By Kalyani B. Nair - On February 1, 2024 10:33 am - 2 mins read
The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the approval of the resolution plan below the liquidation value is within the commercial wisdom of the Committee of Creditors ( CoC ). The appeal was preferred by the Resolution Professional ( RP ) on 17.07.2023 seeking approval of the…
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