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Age 70 Does Not End Bankruptcy Trustee’s Existing Assignment: NCLAT Chennai
Case Law Details
- Case Name
- Chavva Naga Sampathi Tayaru Vs Sri Ananda Lakshmi Narasimha Industries India Pvt Ltd (NCLAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Chavva Naga Sampathi Tayaru Vs Sri Ananda Lakshmi Narasimha Industries India Pvt Ltd (NCLAT Chennai)
The National Company Law Appellate Tribunal (NCLAT), Chennai, dismissed two company appeals challenging (i) the extension of the liquidation period granted by the National Company Law Tribunal (NCLT), Amaravati Bench, and (ii) the continuation of a Bankruptcy Trustee after attaining the age of 70 years. The appeals arose from insolvency proceedings relating to a corporate debtor against whom the Corporate Insolvency Resolution Process (CIRP) had commenced after default in repay...
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