Value of Liquidation Value more than Resolution Plan: NCLT directs SRA to Match Liquidation Value [Read Order]

NCLT directed SRA to match the liquidation value as the value of liquidation was more than the Resolution Plan

By Kalyani B. Nair - On April 4, 2024 1:26 pm - 2 mins read

NCLT - SRA - Liquidation value - Resolution plan - Successful resolution applicant - NCLT Allahabad - taxscan

The Allahabad Bench of the National Company Law Tribunal ( NCLT ) directed the Successful Resolution Applicant ( SRA ) to match the liquidation value as the value of liquidation was more than the Resolution Plan. The present application was filed under Section 30(6) of the IBC for approval of the Resolution Plan, based upon…

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