Liquidator obliged to explain delays in liquidation process under IBC, 2016

State of Tamil Nadu Vs S. Rajendran (NCLT Chennai)

Introduction: The case of State of Tamil Nadu Vs S. Rajendran before the National Company Law Tribunal (NCLT) in Chennai delves into the accountability of a liquidator in explaining delays in the liquidation process under the Insolvency and Bankruptcy Code (IBC), 2016.

Detailed Analysis: The application filed under Section 42 read with Section 60(5) of the IBC, 2016 sought modification of the communication rejecting a claim of Rs. 33,

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