Validity of order of Adjudicating authority (NCLT) observations ...

Insolvency and Bankruptcy

June 26, 2021

Validity of order of Adjudicating authority (NCLT) observations against the IRP to refer the matter to IBBI. - Order of NCLT relies more on uploading of the Order on website, rather than finding if or not the Order was actually communicated to parties and IRP. Admission Order para 11 even mentioned e-mail address of IRP. Communication could have been sent even on e-mail. - Therefore no fault on the part of IRP for not having knowledge of order of NCLT - Paragraphs 24 and 25 of the Impugned Order set aside - AT

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Validity of order of Adjudicating authority (NCLT) observations ...

Insolvency and Bankruptcy

June 26, 2021

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