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Resolution Applicant is required to perform its obligation as per Resolution Plan
Case Law Details
- Case Name
- State Bank of India Vs MBL Infrastructures Limited (NCLAT Delhi)
- Appeal Number
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- Date of Judgement/Order
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- Courts
- NCLAT
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State Bank of India Vs MBL Infrastructures Limited (NCLAT Delhi)
NCLAT Delhi held that held that the Lenders and Banks are obliged to discharge their obligations as per the Resolution Plan and Resolution Applicant must also perform its obligation as per the Resolution Plan.
Facts- This Appeal by State Bank of India (“SBI”), one of the Member of the erstwhile Committee of Creditors (“CoC”) of M/s MBL Infrastructures Limited has been filed challenging the order dated 11.03.2022 passed by National Company Law Tribunal, Kolkata Bench, Kolkata in I.A. No.(IB)626/KB/2021 filed by Respondent ...
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