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IBC - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Wilful Defaulters - If the decision of the Identification ...


Account Holders Can Appeal Unfavorable Decisions to the Review Committee Within a Specified Timeframe.

August 27, 2019

Case Laws     Insolvency and Bankruptcy     HC

Wilful Defaulters - If the decision of the Identification Committee is adverse to the account holder, then, the account holder is at liberty to prefer an appeal before the Review Committee, within the period stipulated. On such an appeal, the Review Committee is to decide such appeal in accordance with law.

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