Can an ex-employee of the Financial Creditor be permitted to act as Resolution Professional? NCLAT decides


The National Company Law Appellate Tribunal (NCLAT) has upheld the substitution of a financial creditor's ex-employee as the proposed interim resolution professional in a CIRP initiated by the financial creditor, on the ground of apprehension of bias. (SBI vs M/s. Metenere Limited)

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