NCLT directs Resolution Professional to not proceed with resolution plan pending decision on rights of landowners

The order was passed by a two-member bench of Acting President BSV Prakash Kumar and Member Technical, Hemant Kumar Singh.
NCLT directs Resolution Professional to not proceed with resolution plan pending decision on rights of landowners
NCLT

The National Company Law Tribunal (NCLT), Principal Bench has passed an order directing a Resolution Professional to not proceed a resolution plan in a corporate insolvency resolution process (CIRP) after an issue with respect to the rights of the landowners came up before it (SCSL Buildwell Pvt Ltd v. PAL Infrastructure & Developers Pvt Ltd).

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