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IBC - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Right of the Resolution Professional - Non-cooperation by the ...

Insolvency and Bankruptcy

February 27, 2023

Right of the Resolution Professional - Non-cooperation by the Directors of Corporate Debtor - NCLT rejected the application of RP with cost of Rs. 25000/-- non-application of mind by the Adjudicating Authority - The prosecution under Section 236 is a different aspect from running a CIRP as per timeline prescribed in the IBC. - Decided in favor of RP - AT

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