Liquidator should consider average of value arrived as per regulation 35 of CIRP Regulation, 2016

Amit Ahirrao Vs Anagha Anasingharaju (NCLAT Delhi)

NCLAT Delhi held that liquidator is obliged to consider the average of the value arrived as per Regulation 35 of the CIRP Regulation, 2016.

Facts- The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on an application filed by Respondent No.2, the Financial Creditor under Section 7 by order dated 29.09.2021. The appellant filed an appeal challenging the order admitting CIRP which appeal being Company Appeal (AT

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