TMI BlogDisqualification of resolution applicant - wilful defaulter of bank - Rejection of Resolution Plan...Disqualification of resolution applicant - wilful defaulter of bank - Rejection of Resolution Plan submitted by the Applicant - Appellant submits that on the day when Resolution Plan submitted by the Appellant came for consideration before the CoC, there was no declaration by Union Bank of India as willful defaulter - in view of the interim order passed by the High Court, the applicant cannot be held as wilful defaulter - However, in view of the Corporate Debtor being ordered to be liquidated vi..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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