Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
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Liquidation u/s 33 of the I&B Code - resolution plan from promoters - no such Plan can be admitted as more than 270 days have passed and in absence of any viable and feasible ‘Resolution Plan’, there was no option to the Adjudicating Authority, but to pass an order u/s 33 - it will be open to the Appellant/ Members to propose any arrangement/ scheme in terms of Section 230 of the Companies Act before Liquidator
Liquidation u/s 33 of the I&B Code - resolution plan from promoters - no such Plan can be admitted as more than 270 days have passed and in absence of any viable and feasible ‘Resolution Plan’, there was no option to the Adjudicating Authority, but to pass an order u/s 33 - it will be open to the Appellant/ Members to propose any arrangement/ scheme in terms of Section 230 of the Companies Act before Liquidator
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