A resolution plan cannot pass muster under Section 30(2)(b) read with Section 31 unless a minimum payment is made to operational creditors, being not less than liquidation value, the court observed.
from The Financial ExpressThe Financial Express http://bit.ly/2Te8fJi
Saturday, 26 January 2019
Insolvency and Bankruptcy Code: SC upholds constitutional validity, rules no promoter bid
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