This appeal was filed against the order dated 21.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench, which allowed the Resolution Professional's application for the initiation of liquidation. The appellant, a suspended director of the corporate debtor, challenged the order, claiming eligibility to submit an Expression of Interest and Resolution Plan.
Athar Zia, the appellant and a suspended director of the Corporate Debtor, filed an appeal against the order dated 21.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench, which allowed the initiation of liquidation. Zia claimed eligibility to submit an Expression of Interest and Resolution Plan. The Resolution Professional filed a liquidation application. The Bank of India declared Zia a willful defaulter, but this declaration was initially set aside by the Delhi High Court. However, the High Court's order was interpreted as merely setting aside the communication and directing the Bank to provide a copy of the Identification Committee report to Zia, allowing him to submit a reply for the Review Committee's
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Bank of India issued a…
Corporate Insolvency…
This appeal was filed against the order dated 21.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench, which allowed the Resolution Professional's application for the initiation of liquidation. The appellant, a suspended director of the corporate debtor, challenged the order, claiming eligibility to submit an Expression of Interest and Resolution Plan.
Athar Zia, the appellant and a suspended director of the Corporate Debtor, filed an appeal against the order dated 21.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench, which allowed the initiation of liquidation. Zia claimed eligibility to submit an Expression of Interest and Resolution Plan. The Resolution Professional filed a liquidation application. The Bank of India declared Zia a willful defaulter, but this declaration was initially set aside by the Delhi High Court. However, the High Court's order was interpreted as merely setting aside the communication and directing the Bank to provide a copy of the Identification Committee report to Zia, allowing him to submit a reply for the Review Committee's
…Bank of India issued a…
Corporate Insolvency…