Advocate Sushila
NCLAT REITERATES RETROSPECTIVE EFFECT OF INELIGIBILITY CRITERIA OF RESOLUTION APPLICANT
Advocate Sushila Ram 12 Jun 2021

NCLAT REITERATES RETROSPECTIVE EFFECT OF INELIGIBILITY CRITERIA OF RESOLUTION APPLICANT

The Hon’ble National Company Law Appellate Tribunal (‘#NCLAT’) in the case of Martin S.K. Golla vs. Wig Associates Pvt. Ltd. [CA (AT) (Ins.) No. 121/2019], vide its Judgment dated 04-06-2021 held that #ineligibility to submit #resolutionplan under #Section29A of the Insolvency and Bankruptcy Code, 2016 (‘#IBC’) attaches at the time when the resolution plan is submitted by #resolutionapplicant.


To read more, please visit the link below:


https://theindianlawyer.in/nclat-reiterates-retrospective-effect-of-ineligibility-criteria-of-resolution-applicant/


#nclat #retrospective #ibc #section29A #resolutionplan

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