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The arbitrary imposition of the requirement of ‘a Resolution Plan meeting the Liquidation Value’, without considering the amount brought in by homebuyers goes against the legislative intent and causes the failure of CIRP – By Adv. Kiran Gopi

The article is about the curious case of failure of the Corporate Insolvency Resolution Process (CIRP) of a real estate developer (Corporate Debtor/ ‘CD’), wherein the Resolution Plans submitted by homebuyers were...

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