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IBC - Highlights / Catch Notes

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Continuation of prosecution proceedings after approval of ...


Resolution Plan Approval by NCLT Sparks Debate on Halting Prosecution of Insolvent Companies.

March 20, 2020

Case Laws     Insolvency and Bankruptcy     HC

Continuation of prosecution proceedings after approval of resolution plan against the company - there is no dispute that a resolution plan has been approved by the Adjudicating Authority (NCLT) and in the circumstances, there is much merit in the contention that the petitioner cannot be prosecuted and is liable to be discharged. - HC

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