Case Law Details
Case Name : Malavika Hegde, Suspended Director of Coffee Day Global Limited Vs IndusInd Bank Ltd. & Anr. (NCLAT Chennai)
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NCLAT
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Malavika Hegde, Suspended Director of Coffee Day Global Limited Vs IndusInd Bank Ltd. & Anr. (NCLAT Chennai)
Introduction: In a recent development, the National Company Law Appellate Tribunal (NCLAT) Chennai passed a significant order in the case of Malavika Hegde, the suspended Director of Coffee Day Global Limited, versus IndusInd Bank Ltd. and another party. This order revolves around a pivotal ‘Settlement’ that led to the termination of the Corporate Insolvency Resolution Process (CIRP). Let’s delve
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