Extension of time in payment by  Resolution Applicant is not modification of Resolution Plan: NCLAT

Extension of time in payment by the resolution applicant is not modification of the resolution plan, held by Delhi NCLAT
NCLAT - payment by Resolution Applicant - tax news - taxscan

The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) held that extension of time in payment by the resolution applicant is not modification of the resolution plan. The present appeal was filed by Cosmos Cooperative Bank Ltd,financial creditor  against the order of adjudicating authority. In this case the Adjudicating Authority directed for commencement…

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