Locus Standi of shareholder of the Corporate Debtor to challenge ...

Shareholder's Bid for Forensic Audit Rejected by NCLT Due to CIRP Proceedings and CoC Plan Approval Limits.

June 30, 2023

Case Laws Insolvency and Bankruptcy AT

Locus Standi of shareholder of the Corporate Debtor to challenge the Resolution Plan - Seeking for forensic audit of the Books of Accounts of the Corporate Debtor, and not to approve the Resolution Plan till the disposal of the Application - CIRP proceedings (proceedings in rem) - subsequent to the approval of the Resolution Plan of the CoC and before the approval by the Adjudicating Authority, no modifications / alterations can be called for as IBC is a time bound process. - NCLT rightly rejected application of the shareholder - AT

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Locus Standi of shareholder of the Corporate Debtor to challenge ...

Shareholder's Bid for Forensic Audit Rejected by NCLT Due to CIRP Proceedings and CoC Plan Approval Limits.

June 30, 2023

Case Laws Insolvency and Bankruptcy AT

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