Ex-Promoter who Resigned before Commencement of CIRP is eligible to Submit Resolution Plan: NCLAT [Read Order]

Ex-promoter who resigned before commencement of CIRP is eligible to submit resolution plan, rules NCLAT
CIRP - NCLAT - Corporate Insolvency Resolution Process - TAXSCAN

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) observed that the ex-promoter who resigned before commencement of the Corporate Insolvency Resolution Process (CIRP) is eligible to submit resolution plan. The appeal has been filed challenging the order dated 18.08.2023 passed by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench. The…

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