Advocate Sushila
SUPREME COURT HOLDS RESOLUTION APPLICANT LIABLE FOR NON-COMPLIANCE OF RESOLUTION PLAN

SUPREME COURT HOLDS RESOLUTION APPLICANT LIABLE FOR NON-COMPLIANCE OF RESOLUTION PLAN

In a recent case of Committee of Creditors of #AMTEK Auto Limited Through Corporation Bank vs. Dinkar T Venkatasubramanian & Ors.,the Supreme Court passed a Judgment dated 23-02-2021 and held the Respondent-#ResolutionApplicant not guilty of #Contempt of Court; however, it may be held liable for failure to fulfil the terms of its #ResolutionPlan.


To read more, please visit the link below:


http://www.theindianlawyer.in/blog/2021/03/01/supreme-court-holds-resolution-applicant-liable-for-non-compliance-of-resolution-plan/


#resolutionplan #compliance #insolvencyandbankruptcy #supremecourt

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