Specific Role assigned to RP involves providing Consultation to PG, While Repayment Plan is Responsibility of Debtor: NCLT [Read Order]

Role assigned to RP himself is that of consultant and re-payment plans has to be prepared only by the debtor, rules NCLT

By Kalyani B. Nair - On June 5, 2024 1:24 pm - 2 mins read

Specific Role - RP - Consultation to PG - While Repayment Plan - Responsibility - Debto - NCLT - taxscan

The New Delhi Bench of the National Company Law Tribunal ( NCLT ) held that the specific role assigned to RP involves providing consultation to the personal guarantor ( PG ), while repayment plan is responsibility of debtor. The application was filed by the Personal Guarantor espousing that the RP namely Mr. Raj Kamal Saraogi…

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