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IBC - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Liquidation of Corporate Debtor - Section 33 of IBC - RP was ...

Case Laws     Insolvency and Bankruptcy

February 2, 2022

Liquidation of Corporate Debtor - Section 33 of IBC - RP was deliberately keeping the relevant information away from the Appellant and wanted Liquidation order to be passed without even bringing into the notice of the CoC or the Adjudicating Authority about the claim of the Appellant. We are thus, satisfied that material irregularity was committed in the entire process leading to Liquidation, which is sufficient to set aside the Liquidation order. - AT

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