Liquidator can be replaced on ground of failure to exercise due diligence: NCLT Chennai

The Bench found the liquidator guilty of sharing the valuation report of the corporate debtor with prospective scheme proponents.
NCLT Chennai
NCLT ChennaiGoogle Maps

The National Company Law Tribunal (NCLT) Chennai recently held that failure to exercise due care and diligence was a ground to replace a liquidator (IDBI Bank Limited v. V Venkata Sivakumar).

Loading content, please wait...
Bar and Bench - Indian Legal news