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NCLAT orders modifying of resolution plan so that both operational creditor and financial creditors get equal share

July 12, 2019[2019] 107 66 (NCL-AT)

IBC: Where operational creditors were paid nil in resolution plan while financial creditors were given 27.35 per cent, operational creditors were not given same treatment as financial creditors in resolution plan and, therefore, resolution plan was to be modfied so that operational creditors also get their share

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