The National Company Law Tribunal (NCLT), Chennai bench has held that the suspended Board of Directors has no power under the IBC to appoint a Resolution Professional. The bench comprising Justice M. Venugopal, Judicial Member and KanthiNarahari, Technical Member, while considering the case of Anil Kumar Ojha v. ChandramouliRamasubramaniam Resolution Professional of SLO Industrial Ltd….
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