Resolution professional not taking any steps to get Corporate Debtor as going concern is bad in law

Rajesh Narang Vs Durha Vitrak Pvt Ltd (NCLAT Delhi) NCLAT Delhi held that impugned order is liable to be set aside as resolution professional didn’t took reasonable step to get the Corporate Debtor as going concern which is mandated as per Section 25(2)(h) of the Insolvency & Bankruptcy Code, 2016. Facts- The present appeal has been preferred by an ex-Director of Durha Vitrak Pvt Ltd who was running a full operational hospital namely Febris Multispeciality Hospital of 150 beds (hereinafter referred to as ‘Corporate Debtor’) which was earlier under Corporate Insolvency Resolution Proc...