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IBC - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Liquidation - expiry of lime limit of 270 days for resolution - ...

Case Laws     Insolvency and Bankruptcy

May 14, 2019

Liquidation - expiry of lime limit of 270 days for resolution - the ‘Resolution Plan’ under I&B Code was not submitted within time and therefore, the ‘Committee of Creditors’ declined to consider the same - the Adjudicating Authority having ordered for liquidation, it cannot be held to be illegal

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