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Companies Law - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

The approval of the Resolution Plan does not mean automatic ...


Resolution Plan Approval Doesn't Halt Ongoing Legal Proceedings; Jurisdiction Lies with Competent Authorities for Orders.

December 5, 2019

Case Laws     Companies Law     Tri

The approval of the Resolution Plan does not mean automatic waiver or abetment of any legal proceedings which are pending by or against the Company/ Corporate Debtor as those are the subject matter of the concerned Competent authorities having their proper/own jurisdiction to pass any appropriate order as the case may be.

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