A submitted resolution plan is binding and irrevocable between the CoC and the successful resolution applicant, the court said on Monday, cheering CoCs and other stakeholders in the resolution process that tends to be a long-drawn-out process.Why SC making approved resolution plans binding under IBC is good news for lenders
A submitted resolution plan is binding and irrevocable between the CoC and the successful resolution applicant, the court said on Monday, cheering CoCs and other stakeholders in the resolution process that tends to be a long-drawn-out process.
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