Revival of Corporate Debtor is Primary Goal of Resolution Plan and going concern Sale: NCLT [Read Order]

The National Company Law Tribunal (NCLT) has held that the revival of corporate debtors is the primary goal of the resolution plan and going concern sale
NCLT - NCLT Kolkata - Corporate Debtor - NCLT resolution plan - Corporate debtor revival - TAXSCAN

The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the primary goal of the Resolution Plan as well as the sale of a Corporate Debtor as a going concern remains the same as that of revival of the Corporate Debtor’s business. The applicants are the successful bidder of the Corporate…

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