Allegation of Wilful and deliberate violation of Resolution Plan ...

Resolution Applicant Accused of Violating Plan; Former RP Lacks Authority to Pursue Charges Without Government Approval.

July 15, 2021

Case Laws Insolvency and Bankruptcy Tri

Allegation of Wilful and deliberate violation of Resolution Plan by the successful Resolution Applicant(Rl) - application seeking award of criminal punishment be filed by the erstwhile RP before this Adjudicating Authority. - RP could make a complaint seeking criminal punishment against the RA u/s. 74(3) read with Section. 236(2) of the Code without being authorised by the Central Government nor any offences under the Code could be tried by this Adjudicating Authority in view of provisions of Section 236(1) of the Code - Tri

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Allegation of Wilful and deliberate violation of Resolution Plan ...

Resolution Applicant Accused of Violating Plan; Former RP Lacks Authority to Pursue Charges Without Government Approval.

July 15, 2021

Case Laws Insolvency and Bankruptcy Tri

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