Liquidation Order - period for completing ‘CIRP’ had come to an ...

Case Laws Insolvency and Bankruptcy

August 21, 2020

Liquidation Order - period for completing ‘CIRP’ had come to an end and no Resolution Plan had been received - When admittedly, the necessary procedure was not followed during the course of ‘CIRP’ as required by the Provisions of IBC and the Regulations, such belated offer can not be said to be bona fide. Merely expressing that I am ready to file Resolution Plan is not sufficient for taking cognizance of such offer - AT

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Liquidation Order - period for completing ‘CIRP’ had come to an ...

Case Laws Insolvency and Bankruptcy

August 21, 2020

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