Where RP performed his duties in accordance with CoC, no adverse remarks could be passed by Adjudicating Authority against RP

Fintech Restructuring LLP Vs Fairdeal Multifilament Private Limited (NCLAT Delhi)

Conclusion: RP could not be blamed for having breached the IBC for the CoC to have approved the resolution plan of Parth with requisite majority share which action was taken by the CoC in the exercise of its commercial wisdom.

Held: Assesssee challenged an order passed by Adjudicating Authority by which CIRP of the corporate debtor was directed to be reinitiated and completed within 90 days from the date of the impugned order. One appeal had be

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