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peter-nclat-487291.pdf
www.livelaw.in
the fact that the operational creditors are given priority in payment over all financial creditors does not lead to the conclusion that such payment must necessarily be the same recovery percentage as financial creditors. creditors. So long as the provisions of the Code and the Regulations have been
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  • the fact that the operational creditors are given priority in payment over all financial creditors does not lead to the conclusion that such payment must necessarily be the same recovery percentage as financial creditors.
  • creditors. So long as the provisions of the Code and the Regulations have been met, it is the commercial wisdom of the requisite majority of the Committee of Creditors which is to negotiate and accept a resolution plan, which may involve differential payment to different classes of creditors, together with negotiating with a prospective resolution ...
  • beneficial provision in favour of the Operational Creditors and dissenting Financial Creditors as they are now to be paid a certain minimum amount
  • gives operational creditors something more than was given earlier as it is the higher of the figures
  • now to be paid as a minimum amount to operational creditors.

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