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In a corporate insolvency resolution process, 'The applicant has borne expenses to the tune of 5,00,000 to be incurred on or by the interim resolution professional, what portion of these expenses wifi the applicant be reimbursed, if the committee ratifies 375,000

July 06, 2020

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A provision in a resolution plan which would otherwise require the consent of the members or partners of the corporate debtor, as the case may be, under the terms of the constitutional documents of the corporate debtor, shareholders' agreement, joint venture agreement or other document of a similar nature, shall take effect

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