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IBC - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Liquidation of Corporate Debtor - The Adjudicating Authority ...

Insolvency and Bankruptcy

October 9, 2019

Liquidation of Corporate Debtor - The Adjudicating Authority landed in error in directing that the liquidation order shall be deemed as a notice of discharge to the officers, employees and workmen of the Corporate Debtor. This cannot be supported either in law or on the facts of this particular case.

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