NCLT Orders Kotak Bank to Hand Over Security Documents After Full Resolution Plan Payment

Advertisement Kotak Mahindra Bank Vs Arun Shelters (NCLT Bengaluru) The National Company Law Tribunal (NCLT), Bengaluru Bench, allowed an application seeking release of original title deeds and security documents after finding that the successful resolution applicant had complied with the approved resolution plan. The Corporate Debtor had entered the Corporate Insolvency Resolution Process (CIRP) pursuant to an application filed by Kotak Mahindra Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC). The resolution plan, approved by the Committee of Creditors and later by the Tri...