Resolution Applicant must fulfil Obligation under Resolution Plan while Lender Discharges their Obligations: NCLAT dismisses appeal of SBI

Resolution Applicant - Obligation under Resolution Plan while Lender Discharges their Obligations - NCLAT dismisses appeal of SBI - TAXSCAN

The Principal Bench of the National Company Law Appellate Tribunal(NCLAT) has held that the resolution applicant must fulfil an obligation under the resolution plan while the lender discharges their obligations and dismissed the appeal of State Bank of India (SBI). State Bank of India, the appellant one of the Members of the erstwhile Committee of…

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