NCLT JUDGEMENT ON SECTION 7, 12, 12(2), 19, 19(3), 66, 70 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND REGULATION 3(1) OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016
NAME MOBILE NO. E-MAIL I’D RANJEET KUMAR 8383098478 , 9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 , 9355723300 jai.thakur@courtkutchehry.com RAJEEV RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK MISHRA 9718327746 sales@courtkutchehry.com RAVI KUMAR ravi.singh@courtkutchehry.com Union Bank Of India And Ors Vs. Pks Limited And Ors, (2020) 07 NCLT CK 0138 NCLT allowed the application filed by the applicant for removal of the Resolution Professional of the Corporate Debtor for having failed to conduct himself in an independent manner being an erstwhile employee of the Financial Creditor and for taking biased decisions at the behest of the Financial Creditor. While allowing the application NCLT held that having heard the parties and having gone through their pleadings placed on record and after considering the Judgments placed on record, we are of the considered view that since admittedly the RP had be...