(iii) The members of the Corporate Debtor passed an Ordinary Resolution approving the filing of an application for initiating PPIRP. There were no further approvals obtained from the Financial Creditors/Board of Director
CS Professional · Insolvency - Law and Practice · PYQS · December 2023
(iii) The members of the Corporate Debtor passed an Ordinary Resolution approving the filing of an application for initiating PPIRP. There were no further approvals obtained from the Financial Creditors/Board of Directors on any matters. In respect of the inputs given in Para-F above, briefly answer the following questions: Whether the resolution passed by the members of the Company is in compliance with the provisions of IBC, 2016?
Topics: Pre-Packaged Insolvency Resolution Process (PPIRP)
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