ISSUES RAISED

ISSUES ON BEHALF OF CORPORATE DEBTOR

ISSUES ON BEHALF OF ISPL

1. Whether the application filled by Mr Henrich Dexter before the

Adjudicating Authority seeking stay order on the insolvency proceeding
of the ISPL is admissible?
ISSUES ON BEHALF OF PROMOTERS OF ISPL

1. Whether the application filed by Mr Rajiv Kumar and Ms. Anjali Kumar
for initiating bankruptcy is fit to be admitted?

2. Whether personal guarantee for debt own by ISPL can be enforce against
the Mr. Rajiv Kumar and Ms. Anjali after approval of resolution plan?

3. Whether the application moved by Mr. Rajiv Kumar and Ms. Anjali
Kumar to challenging the approved resolution plan is admissible?

4. Whether the adjudicating authority shall allow the application filled by

the promoters challenging the validity of clauses 15 of the approved
resolution plan?

4.1. Can the right of subrogation of guarantors be extinguished by

incorporating bye-laws?

ISSUES ON BEHALF OF OPRATIONAL CREDITORS

1. Whether the AA shall allow the application of certain operational
creditors on the ground that plan proposed by DIPL is discrimination in
nature?

ISSUES ON BEHALF OF RESOLUTION PROFESSIONAL CREDITORS

RESOLUTION PROFESIONAL-Ms. ROSEMARY JOSEPH
 1. Whether RP can refuse the claim of VSCL?
2. Whether the RP can direct VSCL to crystallize the amount?
3. Whether VSCL should crystallize the amount by approaching the
arbitral tribunal?
4. Whether the application made by VSCL to recognize its claim in
entirety is admissible?
ISSUES ON BEHALF OF FINANCIAL CREDITORS

1. Whether it is permissible by the financial creditors to seek personal

guarantee after the approval of the resolution plan COC?

ISSUES ON BEHALF OF OTHER PARTIES

ISSUES ON BEHALF OF DIPL AND CoC

1. Whether Adjudicating Authority has the power to direct the change in the
successful resolution plan after the approval of the CoC?
2. Whether the Adjudicating Authority shall allow the application filled by
the promoters challenging the validity of clauses 15 of the approved
Resolution Plan?
3. Whether the Adjudicating Authority shall allow the application of on the
ground that the plan proposed by FDL on the ground that plan proposed
by FDL is superior to that of DIPL?
ISSUES ON CROSS BORDER INSOLVENCY

1. Whether Mr Heinrich Dexter can file an insolvency application before the

AA in India for filling of cross border insolvency claim?
2. Recognition of Application by Mr Heinrich Dexter and the relief by
Adjudicating Authority in India?
3. Whether the Dutch Bankruptcy Court was in capacity to grant a stay
order?