Case Law Details
Case Name : Darwin Platform Infrastructure Limited Vs Union Bank of India (NCLAT Delhi)
Related Assessment Year : 2012-2013
Courts :
NCLAT
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Darwin Platform Infrastructure Limited Vs Union Bank of India (NCLAT Delhi)
NCLAT Delhi held that when the plan is not implemented by Successful Resolution Applicant (SRA), Performance Bank Guarantee can be statutorily invoked. Thus, dismissal of appeal by SRA justified.
Facts- On an application filed u/s. 9 of the Insolvency and Bankruptcy Code, 2016, the Corporate
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