Inappropriate act/ omission by CoC cannot be accepted

Rathi Graphic Technologies Limited Vs Raj Kumar Rathi And Others (NCLT Allahabad)

Held that a statutory institution like CoC which is in most of the cases represented by public financial institutions is expected to act in a fair and neutral manner so that the objects of IBC, 2016 can be achieved for the benefit of all.

Facts-

The Interim Resolution Professional (“IRP”) was appointed to conduct Corporate Insolvency Resolution Process

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