Specific Role assigned to RP involves providing Consultation to PG, While Repayment Plan is Responsibility of Debtor: NCLT [Read Order]

Role assigned to RP himself is that of consultant and re-payment plans has to be prepared only by the debtor, rules NCLT
Specific Role - RP - Consultation to PG - While Repayment Plan - Responsibility - Debto - NCLT - taxscan

The New Delhi Bench of the National Company Law Tribunal ( NCLT ) held that the specific role assigned to RP involves providing consultation to the personal guarantor ( PG ), while repayment plan is responsibility of debtor. The application was filed by the Personal Guarantor espousing that the RP namely Mr. Raj Kamal Saraogi…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader