No Denial of Rights
BY: GUPTA DAS
Apr 23, 2011 LOS ANGELES, CALIFORNIA, USA (SUN) The author of "Looking for 5 Devotees" continues with his attempt to use the ISKCON Chapter 11 cases as a political football by presenting skewed information to the community.
Plan confirmation operated as a discharge, pursuant to 11 U.S.C. Section 1141(d)(1) as of the Effective Date, of all tort claims. In addition, the Order of Confirmation operates as an injunction against the commencement or continuation of any act relating to the collection, enforcement and recovery of any tort claims against the Debtors and other parties.
As a condition to receiving full compensation, the tort claimants were required to sign a Release. Contrary to the misleading impression given in the cited article, however, the existing federal court injunction against further legal action applies to all tort claimants, whether or not a Release is signed.
The fact of the matter is that the Youth Fund reflects worldwide ISKCON support for its youth -- not a denial of anyone's rights.