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NCLT Orders Liquidation of J.R. Agrotech for failure to Implement Approved Resolution Plan
Case Law Details
- Case Name
- Mohit Chawla Vs Compact Capital Limited (NCLT Chandigarh)
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- NCLT
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Mohit Chawla Vs Compact Capital Limited (NCLT Chandigarh)
NCLT Orders Liquidation of J.R. Agrotech Pvt. Ltd. After Successful Resolution Applicant Failed to Implement Approved Resolution Plan
The application was filed by Mr. Mohit Chawla, acting as the Monitoring Agent and erstwhile Resolution Professional of J.R. Agrotech Private Limited, under Sections 33(3) and 33(4) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought initiation of liquidation proceedings against the Corporate Debtor on the ground that the Successful Resolution Applicant (SRA), M/s Compact Capi...
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