Ex-Director Ineligible to Submit Resolution Plan for MSME when CD is Wilful Defaulter: NCLAT [Read Order]

Ex-Director is ineligible to submit Resolution Plan for MSME when CD is wilful defaulter, rules NCLAT
Ex-Director Ineligible to Submit Resolution Plan - MSME - Wilful Defaulter - NCLAT - TAXSCAN

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the ex-director is ineligible to submit resolution plan for Micro Small & Medium Enterprise (MSME) when the Corporate Debtor (CD) is the wilful defaulter. The present appeal has been filed under Section 61 of the Insolvency & Bankruptcy Code, 2016 (in…

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