Promoter Fails  to Project `Resolution Plan’ within Specified Time Limit: NCLAT upholds Dissolution Order [Read Order]

Promoter - Resolution Plan - Specified Time Limit - NCLAT upholds Dissolution Order - NCLAT - Dissolution Order - Promoter Fails  to Project - taxscan

The National Company Law Appellate Tribunal (NCLAT) upheld the dissolution order of the Corporate Debtor Company Since the promoter fails to project a `resolution plan’ within the specified time limit. Shyson Thomas, the Appellant / Promoter, is the Managing Director of M/s. Air Pegasus Private Limited, has challenged the impugned order passed by the `Adjudicating…

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