Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ankit tripathi   08 August 2019

Recovery of balance claim after completion of Insolvency Process

Can arbitration proceeding/civil recovery suit be initiated by operational creditor for recovery of balance amount not received in terms of resolution plan after the completion of resolution process? In order to explain it further for example as a operational creditor, I submitted a claim of Rs. 1000 to Resolution Professional. However, I received Rs. 300 in terms of approved resolution plan. Can i recover balance amount by way of arbitration or recovery suit?


Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     08 August 2019

The resolution professional follow according to their rules and the finalcial position of the organisation and inform to you about the balance. need not worry.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register