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Resolution plan was to be modified for making it to be at par with liquidation value: NCLAT

April 16, 2019[2019] 105 234 (NCL-AT)

IBC: Where resolution plan approved by CoC was not in consonance with I&B Code as upfront payment suggested by successful resolution applicant in a resolution plan was less than liquidation value, resolution plan was to be modified and resolution applicant should increase upfront payment to make it at par with liquidation value

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