Extension of Time in Payment not Modification of Resolution Plan under IBC: NCLAT [Read Order]

Extension of time in payment not modification of resolution plan under IBC, rules NCLAT
NCLAT - IBC - National Company Law Appellate Tribunal - Insolvency and Bankruptcy Code - Resolution - taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the extension of time in payment not modification of resolution plan under the Insolvency and Bankruptcy Code, 2016 (IBC). The Appellant sent a letter to the Chairman of Monitoring Committee, highlighting the efforts for recovery of litigation of Corporate Debtor and…

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