Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
Insolvency and BankruptcyFebruary 27, 2023Case LawsAT
Right of the Resolution Professional - Non-cooperation by the Directors of Corporate Debtor - NCLT rejected the application of RP with cost of Rs. 25000/-- non-application of mind by the Adjudicating Authority - The prosecution under Section 236 is a different aspect from running a CIRP as per timeline prescribed in the IBC. - Decided in favor of RP - AT
Right of the Resolution Professional - Non-cooperation by the Directors of Corporate Debtor - NCLT rejected the application of RP with cost of Rs. 25000/-- non-application of mind by the Adjudicating Authority - The prosecution under Section 236 is a different aspect from running a CIRP as per timeline prescribed in the IBC. - Decided in favor of RP - AT
Note: It is a system-generated summary and is for quick reference only.