MCO

23rd Apr 2024

The Fate of Un-decided Claims after Approval of the Resolution Plan

The Hon’ble High Court at Delhi in Indian Oil Corporation Limited vs. Arcelor Mittal Nippon Steel India Limited (2023 SCC OnLine Del 6318), considered the fate of claims of creditors against a debtor after the debtor is admitted into Corporate Insolvency Resolution Process (for short ‘CIRP’) and the Resolution Plan in favour of such debtor is approved and confirmed.

Arbitration
Litigation
Asset Management & Corporate Restructuring

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