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IBC - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Authorization of Applicant/ Liquidator to defend all of any of ...


Liquidator Empowered to Defend Corporate Debtor in All Legal Proceedings, Including Pre- and Post-Liquidation Actions.

February 3, 2024

Case Laws     Insolvency and Bankruptcy     AT

Authorization of Applicant/ Liquidator to defend all of any of the suit, prosecution or other legal proceedings, civil or criminal in the nature of and on behalf of the Corporate Debtor initiated both prior and post the commencement of liquidation proceedings of the Corporate Debtor - The court finds that the Liquidator should have been allowed to pursue the Writ Petition based on the earlier approval.

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