This is a Company Appeal (AT) (Insolvency) No. 606 of 2018. The respondent, the successful resolution applicant, filed a summary chart of disbursement of funds to creditors. The appellant disputes the disbursement to operational creditors.
The case involves a dispute over the disbursement of funds to creditors under a resolution plan. The respondent, as the successful resolution applicant, submitted a disbursement chart. The appellant, Ayush Agrawal, contested the disbursement percentage to operational creditors. The resolution plan initially stated a 70.80% disbursement to operational creditors. However, the respondents admitted that the actual disbursement to operational creditors (excluding workmen and employees) was 60.75%, suggesting a possible typographical error in the plan. The appellant sought clarification and proper disbursement according to the resolution plan.
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This is a Company Appeal (AT) (Insolvency) No. 606 of 2018. The respondent, the successful resolution applicant, filed a summary chart of disbursement of funds to creditors. The appellant disputes the disbursement to operational creditors.
The case involves a dispute over the disbursement of funds to creditors under a resolution plan. The respondent, as the successful resolution applicant, submitted a disbursement chart. The appellant, Ayush Agrawal, contested the disbursement percentage to operational creditors. The resolution plan initially stated a 70.80% disbursement to operational creditors. However, the respondents admitted that the actual disbursement to operational creditors (excluding workmen and employees) was 60.75%, suggesting a possible typographical error in the plan. The appellant sought clarification and proper disbursement according to the resolution plan.
Company Appea…
The court issued an order directing the…
Sign in to view related legal provisions.