Case Law Details
Case Name : Sai Balaji Facility Vs CA Ramchandra Dallaram Choudhary (NCLAT New Delhi)
Appeal Number : Company Appeal (AT) (Insolvency) No. 1642 of 2024
Date of Judgement/Order : 19/09/2024
Related Assessment Year :
Courts :
NCLAT
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Sai Balaji Facility Vs CA Ramchandra Dallaram Choudhary (NCLAT New Delhi)
NCLAT New Delhi held that proposing NIL amount doesn’t result into non-compliance of section 30(2)(b) of IBC. Hence, approval of resolution plan proposing NIL amount to Operational Creditor justified.
Facts- CIRP against
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