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IBC - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Recovery of monies due to the corporate debtor under liquidation ...


Court Orders Payment to Liquidating Corporate Debtor: 6 Weeks Deadline, 12% Interest If Delayed.

April 18, 2020

Case Laws     Insolvency and Bankruptcy     Tri

Recovery of monies due to the corporate debtor under liquidation - Respondent is directed to make the payment of the said amount o within six weeks from the date of the pronouncement of this order, failing which 12% interest per annum shall be charged from the Respondent on delayed payments till the realization of the whole of amount.

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