the Resolution Plan in question is in violation of section 30(2) (a) of the IBC. The NCLAT subsequently modified the Resolution Plan to include this claim in accordance with the law.
Tag: insolvency resolution process costs
Whether the Wages/Salaries during the CIRP Period are to be qualified as CIRP Costs or not
Wages and salaries are considered and included in CIRP costs as per under Section 53(1)(a) of the IB Code.
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