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Liquidator at liberty to apply & enforce amended Clause 12 of Schedule I of Liquidation Regulations
Case Law Details
- Case Name
- In re Mr. Sundaresh Bhat Liquidator of ABG Shipyard Limited (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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In re Mr. Sundaresh Bhat Liquidator of ABG Shipyard Limited (NCLAT Delhi)
When in an auction somebody has given a higher bid, if instead of 15 days, the person gets a breathing time of 90 days to make a payment, no other person gets affected. We have seen the Discussion Paper referred to by the Learned Amicus Curiae which was alongwith the Draft Regulations dated 27.04.2019. The Discussion Paper discussed various issues that had been brought up by stakeholders relating to liquidation process under IBC. Reference was made to judgments where direction was given with regard to ti...
