Dissenting Financial Creditors are Entitled to Receive Payments on Pro-Rata Basis of Resolution Plan Value: NCLAT [Read Order]

Priority in payment requires that the Dissenting Creditor be paid first, on a pro rata basis, whenever the Successful Resolution Applicant (SRA) transfers cash to Financial Creditors (FCs)
By Yogitha S. Yogesh - On April 10, 2025 10:30 am - 3 mins read
NCLAT Chennai- Resolution Plan - Financial Creditors - taxscan

The National Company Law Appellate Tribunal ( NCLAT ) Chennai bench ruled that, instead of receiving the liquidation value, dissident financial creditors should be paid on pro- Rata Basis of the resolution plan. Read More: Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT  On February 29, 2022, the…

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