IBC Resolution application doubt
Vinay sawant (nothing) (176 Points)
24 March 2021
Can a corporate debtor undergoing CIRP file Resolution plan for another corporate debtor... ?
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 24 March 2021
Resolution plan is certified by Resolution professional and commitee of creditors of not less than 66% of holding of creditors. Resolution plan is prepared for determining the valuation of debtors but a corporate debtor might not undergo CIRP for another corporate debtor
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