Resolution Applicant cannot Withdraw or Modify the Resolution Plan after approved by Committee of Creditors: Supreme Court [Read Judgement]
The court held that the resolution plan, as submitted by the successful resolution applicants – Deccan Value Investors L.P. and DVI PE (Mauritius) Ltd., is approved
The Supreme Court viewed that resolution applicant cannot withdraw or modify the resolution plan after approved by committee of creditors. The court held that the resolution plan, as submitted by the successful resolution applicants – Deccan Value Investors L.P. and DVI PE ( Mauritius ) Ltd., is approved. The cross-appeals was filed under Section 62…
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