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
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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