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Initiation of liquidation of the CD by NCLT - appellants have made out a case of exclusion of 21 days for counting the period of 270 days - having received the opinion of COC and taking into consideration that the Resolution Plan has been approved with 71.029% of voting shares and that the 700 workmen of CD can be saved from retrenchment - set-aside the impugned order of NCLT

Insolvency and Bankruptcy
12-6-2019

Initiation of liquidation of the CD by NCLT - appellants have made out a case of exclusion of 21 days for counting the period of 270 days - having received the opinion of COC and taking into consideration that the Resolution Plan has been approved with 71.029% of voting shares and that the 700 workmen of CD can be saved from retrenchment - set-aside the impugned order of NCLT

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