14 October 2019


News

Corporate Debtor can Withdraw Application Filed Under IBC on Making OTS Offer to Creditor : NCLT - 28.01.2019

NCLT has allowed the a corporate debtor to withdraw petition for its insolvency, though with costs, besides allowing ex-director of corporate debtor to make one-time settlement offer to financial creditor which was better than resolution plan already under consideration for approval before NCLT.

Tags : NCLT Corporate Debtor can Withdraw Application Filed Under IBC

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