Section 12A Withdrawal Not Permissible After Liquidation Begins: NCLAT 

Gokul Aggarwal Vs Bank of India (NCLAT Delhi) In , the appeal before the National Company Law Appellate Tribunal challenged the order dated 21.02.2024 passed by the National Company Law Tribunal Mumbai allowing liquidation proceedings against Chamber Constructions Private Limited and dismissing an application seeking stay of related proceedings. The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was initiated on 16.07.2019 pursuant to a Section 7 application filed by Bank of Baroda. The Corporate Debtor had furnished a corporate guarantee for loans advanced to RNA ...