Adjudicating Authority empowered to Extend Payment Timelines under Resolution Plan without Express Concurrence of CoC: NCLAT [Read Order]

Adjudicating authority empowered to extend payment timelines under resolution plan without express concurrence of CoC, rules NCLAT
NCLAT - CoC - Adjudicating Authority - committee of creditors - National Company Law Appellate Tribunal - Adjudicating - taxscan

The National Company Law Appellate Tribunal ( NCLAT ), New Delhi Bench observed that the adjudicating authority empowered to extend payment timelines under the resolution plan without express concurrence of the committee of creditors ( CoC ). A reply was sent on behalf of the SBI that amount of Performance Guarantee of INR 0.4 crores…

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.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader