Dissenting Financial Creditors are Entitled to Receive Payments on Pro-Rata Basis of Resolution Plan Value: NCLAT

The NCLAT held that dissenting financial creditors are entitled to receive payments on a pro-rata basis of the resolution plan value. This ruling clarifies the rights of financial creditors who do not agree with the resolution plan approved by the majority. The appellate tribunal's decision ensures that these dissenting creditors still receive a fair share of the resolution plan's value, proportional to their debt, protecting their financial interests in the insolvency process.