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IBC - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Appointment of liquidator - Adjudicating authority rejected the ...

Insolvency and Bankruptcy

March 2, 2020

Appointment of liquidator - Adjudicating authority rejected the "Approval of Resolution Plan" - 'Preferential transactions' - Power of adjudicating authority to cancel the lease agreement - The Adjudicating Authority is not empowered to pass an order of eviction and it is for an 'Aggrieved party' to move the appropriate forum for redressal of its grievances in accordance with Law.

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