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    Priority of payment to Financial Creditors

    Posted By : Juhee Goyal / Published on : 18-Oct-2022 04:26 AM / View : 271 / Comment : 0

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    Hi Everybody!

    Under IBC there is a provision that the financial creditors who have voted against the resolution plan shall be paid in priority of the financial creditors who have voted in favor of the resolution ?

    Is this statement is valid ? If yes, what is the purpose served behind this provision ?
    Read more on : creditors financial payment priority

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